§ 51c. — "Common stock", "capital", and "capital stock" defined.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC51c]
TITLE 12--BANKS AND BANKING
CHAPTER 2--NATIONAL BANKS
SUBCHAPTER II--CAPITAL, STOCK, AND STOCKHOLDERS
Sec. 51c. ``Common stock'', ``capital'', and ``capital stock''
defined
The term ``common stock'' as used in sections 51a, 51b, 51c, and 51d
\1\ of this title means stock of national banking associations other
than preferred stock issued under the provisions of said sections. The
term ``capital'' as used in provisions of law relating to the capital of
national banking associations shall mean the amount of unimpaired common
stock plus the amount of preferred stock outstanding and unimpaired; and
the term ``capital stock'', as used in sections 101, 177, and 178 \1\ of
this title, shall mean only the amount of common stock outstanding.
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\1\ See References in Text note below.
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(Mar. 9, 1933, ch. 1, title III, Sec. 303, 48 Stat. 5.)
References in Text
Section 51d of this title, referred to in text, was repealed by act
June 30, 1947, ch. 166, title II, Sec. 206(b), (o), 61 Stat. 208. For
effect of the repeal on outstanding debentures held by banks, see note
under section 51b-1 of this title.
Sections 101, 177, and 178 of this title, referred to in text, were
repealed by Pub. L. 103-325, title VI, Sec. 602(f)(2), (5), Sept. 23,
1994, 108 Stat. 2292, 2293.
Section Referred to in Other Sections
This section is referred to in sections 212, 213 of this title.
