WHAT THE LAW DOINCongress, in plain words

The law › Title 12, Banks and Banking › Chapter 2

12 U.S.C. 191: Appointment of receiver for a national bank

Created in 1959 by Public Law 86-230. Changed by 3 later laws. No bill we track in this Congress changes it.

1 other section of the Code cite this one, including 12 U.S.C. 205.

1 part of federal rules cite it as their authority, written by Comptroller of the Currency, Department of the Treasury (1).

This Congress

No bill we track in the 119th Congress changes this section.

    How it got here

    2006

    • Pub. L. 109–351, §701(a)(1), which directed the general amendment of the section catchline by replacing it with "Appointment of receiver for a national bank" followed by "(a) In general" and the words "The Comptroller of the Currency", was executed by inserting the new catchline and the subsec. (a)… (Financial Services Regulatory Relief Act of 2006) Law text
    • Pub. L. 109–351, §701(a)(2), added subsec. (b). (Financial Services Regulatory Relief Act of 2006) Law text · (b)

    1992

    • Pub. L. 102–550, §1603(d)(7)(B), substituted "appoint a receiver for any national bank (and such receiver shall be the Federal Deposit Insurance Corporation if the national bank is an insured bank (as defined in section 1813(h) of this title))" for "appoint the Federal Deposit Insurance Corporation…
    • Pub. L. 102–550, §1603(d)(6), amended directory language of Pub. L. 102–242, §133(b). See 1991 Amendment note below.

    1991

    • Pub. L. 102–242, §133(b), as amended by Pub. L. 102–550, §1603(d)(6), amended section generally. Prior to amendment, section read as follows: "Whenever any national banking association shall be dissolved, and its rights, privileges, and franchises declared forfeited, as prescribed in section 93 of …

    1959

    • Pub. L. 86–230 struck out provisions which required receiver to enforce the personal liability of shareholders.

    Text, outline and history from the official U.S. Code (2024 edition) on GovInfo, published by the Office of the Law Revision Counsel. Changes made after that edition appear under This Congress.