§ 73. — Oath.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC73]
TITLE 12--BANKS AND BANKING
CHAPTER 2--NATIONAL BANKS
SUBCHAPTER III--DIRECTORS
Sec. 73. Oath
Each director, when appointed or elected, shall take an oath that he
will, so far as the duty devolves on him, diligently and honestly
administer the affairs of such association, and will not knowingly
violate or willingly permit to be violated any of the provisions of
title 62 of the Revised Statutes, and that he is the owner in good
faith, and in his own right, of the number of shares of stock required
by title 62 of the Revised Statutes, subscribed by him, or standing in
his name on the books of the association, and that the same is not
hypothecated, or in any way pledged, as security for any loan or debt.
The oath shall be taken before a notary public, properly authorized and
commissioned by the State in which he resides, or before any other
officer having an official seal and authorized by the State to
administer oaths, except that the oath shall not be taken before any
such notary public or other officer who is an officer of the director's
bank. The oath, subscribed by the director making it, and certified by
the notary public or other officer before whom it is taken, shall be
immediately transmitted to the Comptroller of the Currency and shall be
filed and preserved in his office for a period of ten years.
(R.S. Sec. 5147; Feb. 20, 1925, ch. 274, 43 Stat. 955.)
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. 5147 derived from act June 3, 1864, ch. 106, Sec. 9, 13
Stat. 102, 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.
Section Referred to in Other Sections
This section is referred to in section 1821 of this title.
