U.S. Code, Title 12, Banks and Banking

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Author: "U.S. Congress, Office of the Law Revision Counsel"

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§ 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.

1 See References in Text note below.

(Mar. 9, 1933, ch. 1, title III, § 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     Section 51d of this title, referred to in text, was repealed by act June 30, 1947, ch. 166, title II, § 206(b), (o), 61 Stat. 208.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     Sections 101, 177, and 178 of this title, referred to in text, were repealed by Pub.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, § 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.

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Chicago: "U.S. Congress, Office of the Law Revision Counsel", "§ 51c. Common Stock, Capital, and Capital Stock Defined," U.S. Code, Title 12, Banks and Banking in U.S. Code, Title 12, Banks and Banking (Washington, D.C.: Government Printing Office, 2002), Original Sources, accessed September 21, 2019, http://www.originalsources.com/Document.aspx?DocID=PBRSRYHBTVBJTXU.

MLA: "U.S. Congress, Office of the Law Revision Counsel". "§ 51c. "Common Stock", "Capital", and "Capital Stock" Defined." U.S. Code, Title 12, Banks and Banking, in U.S. Code, Title 12, Banks and Banking, Washington, D.C., Government Printing Office, 2002, Original Sources. 21 Sep. 2019. www.originalsources.com/Document.aspx?DocID=PBRSRYHBTVBJTXU.

Harvard: "U.S. Congress, Office of the Law Revision Counsel", '§ 51c. "Common Stock", "Capital", and "Capital Stock" Defined' in U.S. Code, Title 12, Banks and Banking. cited in 2002, U.S. Code, Title 12, Banks and Banking, Government Printing Office, Washington, D.C.. Original Sources, retrieved 21 September 2019, from http://www.originalsources.com/Document.aspx?DocID=PBRSRYHBTVBJTXU.