§ 21. — Formation of national banking associations; incorporators; articles of association.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC21]
TITLE 12--BANKS AND BANKING
CHAPTER 2--NATIONAL BANKS
SUBCHAPTER I--ORGANIZATION AND GENERAL PROVISIONS
Sec. 21. Formation of national banking associations;
incorporators; articles of association
Associations for carrying on the business of banking under title 62
of the Revised Statutes may be formed by any number of natural persons,
not less in any case than five. They shall enter into articles of
association, which shall specify in general terms the object for which
the association is formed, and may contain any other provisions, not
inconsistent with law, which the association may see fit to adopt for
the regulation of its business and the conduct of its affairs. These
articles shall be signed by the persons uniting to form the association,
and a copy of them shall be forwarded to the Comptroller of the
Currency, to be filed and preserved in his office.
(R.S. Sec. 5133.)
References in Text
Title 62 of the Revised Statutes, referred to in text, was in the
original ``this Title'' meaning title LXII of the Revised Statutes,
consisting of R.S. Secs. 5133 to 5244, which are classified to sections
21, 22 to 24a, 25a, 26, 27, 29, 35 to 37, 39, 43, 52, 53, 55 to 57, 59
to 62, 66, 71, 72 to 76, 81, 83 to 86, 90, 91, 93, 93a, 94, 141 to 144,
161, 164, 181, 182, 192 to 194, 196, 215c, 481 to 485, 501, 541, 548,
and 582 of this title. See, also, sections 8, 333, 334, 475, 656, 709,
1004, and 1005 of Title 18, Crimes and Criminal Procedure. For complete
classification of R.S. Secs. 5133 to 5244 to the Code, see Tables.
Codification
R.S. Sec. 5133 derived from act June 3, 1864, ch. 106, Sec. 5, 13
Stat. 100, which was the National Bank Act. See section 38 of this
title.
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.
