§ 207, 208. — Repealed.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC207]
TITLE 12--BANKS AND BANKING
CHAPTER 2--NATIONAL BANKS
SUBCHAPTER XIV--BANK CONSERVATION ACT
Secs. 207, 208. Repealed. Pub. L. 101-73, title VIII, Sec. 808,
Aug. 9, 1989, 103 Stat. 446
Section 207, acts Mar. 9, 1933, ch. 1, title II, Sec. 207, 48 Stat.
3; May 20, 1933, ch. 34, 48 Stat. 72, prescribed conditions for
reorganization of banks, requiring consent of depositors and other
creditors, of stockholders, or of both depositors and other creditors
and stockholders, namely that the reorganization plan be fair and
equitable to depositors, other creditors, and stockholders and be in the
public interest; that the plan be consented to in writing; and that the
approved plan be binding on all consenting or nonconsenting depositors,
creditors, and stockholders.
Section 208, act Mar. 9, 1933, ch. 1, title II, Sec. 208, 48 Stat.
4, made the provisions for segregation of deposits inapplicable after
termination of conservatorship, and provided for termination of
conservatorship after publication of notice of termination and mailing
of a copy of such notice by registered mail to depositors of record.
