§ 83. Loans by bank on its own stock

234 words·~1 min read·/usc/title-12/section-83

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)General prohibition No national bank shall make any loan or discount on the security of the shares of its own capital stock.

(b)Exclusion For purposes of this section, a national bank shall not be deemed to be making a loan or discount on the security of the shares of its own capital stock if it acquires the stock to prevent loss upon a debt previously contracted for in good faith.

(R.S. § 5201; Pub. L. 106–569, title XII, § 1207(a), Dec. 27, 2000, 114 Stat. 3034.)

Connections6 cite this · traces to 2

Cited by 6 sections

statutes-at-large

Public Law 106–569
To expand homeownership in the United States, and for other purposes

CFR

§ 7.2019
Loans secured by a national bank's own shares.

Traces to 2 documents

U.S. Code

5 references not yet in our index

Pub. L. 106–569, title XII, § 1207(a)
114 Stat. 3034
act June 3, 1864, ch. 106, § 35
13 Stat. 110
Pub. L. 106–569

Citation graph

cites case law

§ 83

Loans by bank on its own stock

Fed. Reg.×4

C.F.R.×1

Stat.×1

U.S.C.§ 38

U.S.C.§ 192

Pub. L.Pub. L. 106–569, title XII, § 1207(a)

Stat.114 Stat. 3034

Actact June 3, 1864, ch. 106, § 35

Stat.13 Stat. 110

Pub. L.Pub. L. 106–569

Cites 7Cited by 6 across 3 sources