§ 182. — Notice of intent to dissolve.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC182]
TITLE 12--BANKS AND BANKING
CHAPTER 2--NATIONAL BANKS
SUBCHAPTER XII--VOLUNTARY DISSOLUTION
Sec. 182. Notice of intent to dissolve
Whenever a vote is taken to go into liquidation it shall be the duty
of the board of directors to cause notice of this fact to be certified,
under the seal of the association, by its president or cashier, to the
Comptroller of the Currency, and publication thereof to be made for a
period of two months in every issue of a newspaper published in the city
or town in which the association is located, or if no newspaper is there
published, then in the newspaper published nearest thereto, that the
association is closing up its affairs, and notifying its creditors to
present their claims against the association for payment.
(R.S. Sec. 5221; Aug. 9, 1955, ch. 626, 69 Stat. 546.)
Codification
R.S. Sec. 5221 derived from act June 3, 1864, ch. 106, Sec. 42, 13
Stat. 112, which was the National Bank Act. See section 38 of this
title.
Amendments
1955--Act Aug. 9, 1955, struck out provisions relating to
publication in a newspaper published in the City of New York, and
notification to holders of national bank notes to present them for
payment.
Exception as to Transfer of Functions
Functions vested by any provision of law in Comptroller of the
Currency, referred to in this section, not included in transfer of
functions to Secretary of the Treasury, see note set out under section 1
of this title.
Section Referred to in Other Sections
This section is referred to in sections 186, 1821 of this title.
