§ 192. Default in payment of circulating notes
489 words·~2 min read·
/usc/title-12/section-192A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
On becoming satisfied, as specified in sections 131 and 132 1 of this title, that any association is in default, the Comptroller of the Currency may forthwith appoint a receiver, and require of him such bond and security as he deems proper. Such receiver, under the direction of the Comptroller, shall take possession of the books, records, and assets of every description of such association, collect all debts, dues, and claims belonging to it, and, upon the order of a court of record of competent jurisdiction, may sell or compound all bad or doubtful debts, and, on a like order, may sell all the real and personal property of such association, on such terms as the court shall direct.
Such receiver shall pay over all money so made to the Treasurer of the United States, subject to the order of the Comptroller, and also make report to the Comptroller of all his acts and proceedings.
(R.S. § 5234; May 15, 1916, ch. 121, 39 Stat. 121; Aug. 23, 1935, ch. 614, title III, § 339, 49 Stat. 721; Pub. L. 86–230, § 17, Sept. 8, 1959, 73 Stat. 458; Pub. L. 103–325, title VI, § 602(g)(11), Sept. 23, 1994, 108 Stat. 2294.)
Connections19 cite this · traces to 5
Cited by 19 sections · top 15
U.S. Code
- § 1467Examination fees
- § 481Appointment of examiners; examination of member banks, State banks, and trust companies; reports
- § 4516Funding
- § 16Funding of Office
- § 55Enforcing payment of deficiency in capital stock; assessments; liquidation; receivership
- § 83Loans by bank on its own stock
- § 197Shareholders’ meeting; continuance of receivership; appointment of agent; winding up business; distribution of assets
- § 501Liability of Federal reserve or member bank for certifying check when amount of deposit was inadequate
- § 143Banks in Alaska and insular possessions; lawful money reserves
statutes-at-large
statute-compilations
Traces to 5 documents
17 references not yet in our index
- 1
- May 15, 1916, ch. 121
- 39 Stat. 121
- Aug. 23, 1935, ch. 614
- 49 Stat. 721
- Pub. L. 86–230, § 17
- 73 Stat. 458
- Pub. L. 103–325, title VI, § 602(g)(11)
- 108 Stat. 2294
- Pub. L. 103–325, title VI, § 602(e)(14)
- 108 Stat. 2292
- act June 3, 1864, ch. 106, § 50
- 13 Stat. 114
- Pub. L. 103–325
- Pub. L. 86–230
- act Mar. 4, 1933, ch. 274, § 4
- 47 Stat. 1567
Citation graph
cites case law
§ 192
Default in payment of circulating notes
U.S.C.×10
Fed. Reg.×4
Stat.×3
Bills×1
Stat. Comp.×1
Cite1
ActMay 15, 1916, ch. 121
Stat.39 Stat. 121
ActAug. 23, 1935, ch. 614
Stat.49 Stat. 721
Cites 22 · showing 10Cited by 19 across 5 sources