§ 336. — Certificates of stock; representation of stock of other corporations.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC336]
TITLE 12--BANKS AND BANKING
CHAPTER 3--FEDERAL RESERVE SYSTEM
SUBCHAPTER VIII--STATE BANKS AS MEMBERS OF SYSTEM
Sec. 336. Certificates of stock; representation of stock of
other corporations
After August 23, 1935, no certificate evidencing the stock of any
State member bank shall bear any statement purporting to represent the
stock of any other corporation, except a member bank or a corporation
engaged on June 16, 1934, in holding the bank premises of such member
bank, nor shall the ownership, sale, or transfer of any certificate
representing the stock of any State member bank be conditioned in any
manner whatsoever upon the ownership, sale, or transfer of a certificate
representing the stock of any other corporation, except a member bank or
a corporation engaged on June 16, 1934 in holding the bank premises of
such member bank: Provided, That this subchapter shall not operate to
prevent the ownership, sale, or transfer of stock of any other
corporation being conditioned upon the ownership, sale, or transfer of a
certificate representing stock of a State member bank.
(Dec. 23, 1913, ch. 6, Sec. 9 (par.), as added June 16, 1933, ch. 89,
Sec. 5(c), 48 Stat. 165; amended Aug. 23, 1935, ch. 614, title III,
Sec. 310(b), 49 Stat. 710.)
References in Text
This subchapter, referred to in text, was in the original ``this
section'', meaning section 9 of act Dec. 23, 1913, which is classified
generally to this subchapter (Sec. 321 et seq.).
Codification
Section is comprised of the twenty-first par. of section 9 of act
Dec. 23, 1913, as amended. The twenty-first par. constituted the
nineteenth par. of section 9 in 1933 (48 Stat. 165), became the
twentieth par. in 1935 (49 Stat. 704), and became the twenty-first par.
in 1950 (64 Stat. 458). For further details, see Codification notes set
out under sections 321 and 329a of this title.
Amendments
1935--Act Aug. 23, 1935, among other changes, inserted proviso.
