§ 200. — Payment.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC200]
TITLE 12--BANKS AND BANKING
CHAPTER 2--NATIONAL BANKS
SUBCHAPTER XIII--RECEIVERSHIP
Sec. 200. Payment
Whenever any such request shall be allowed as hereinbefore provided,
the said Comptroller of the Currency shall be, and is, empowered to draw
upon and from such funds of any such trust as may be deposited with the
Treasurer of the United States for the benefit of the bank in interest,
to the amount as may be recommended and allowed and for the purpose for
which such allowance was made: Provided, however, That all payments to
be made for or on account of the purchase of any such property and under
any such allowance shall be made by the Comptroller of the Currency
direct, with the approval of the Secretary of the Treasury, for such
purpose only and in such manner as he may determine and order.
(Mar. 29, 1886, ch. 28, Sec. 3, 24 Stat. 8.)
Transfer of Functions
For transfer of functions to Secretary of the Treasury, see note set
out under section 121 of this title.
Application to District of Columbia
Provisions of this section were made applicable to banks, etc., in
the District of Columbia by act Mar. 4, 1933, ch. 274, Sec. 4, 47 Stat.
1567.
