12 U.S.C. § 42
Territorial application
The provisions of all Acts of Congress relating to national banks shall apply in the several States, the District of Columbia, the several Territories and possessions of the United States, and the Commonwealth of Puerto Rico.
Notes of Decisions
Cited in 5
cases, 1965–2013 · leading case: District of Columbia National Bank, Washington v. District of Columbia
District of Columbia National Bank, Washington v. District of Columbia (1965)
“458 , which provides, 12 U.S.C. § 42 : “The provisions of all Acts of Congress relating to national banks shall apply in the several States, the District of Columbia, the several Territories and possessions of the United States, and the Commonwealth of Puerto Rico.”
First Federal Savings and Loan Association of Puerto Rico v. Hector L. Ruiz De Jesus (1981)
“457, 458, codified at 12 U.S.C. § 42 . 2 The thrust of these three opinions is that section 42 signalled Congress’ intention that, for purposes of acts relating to national banks, including section 632, Puerto Rico is to be considered as something different from a dependency or…”
JPMorgan Chase Bank v. Daniel Johnson (2013)
“It is also clear that the power to foreclose is incidental to the express power to make mortgage loans.”
JPMorgan Chase Bank, N.A. v. Johnson (2012)
“3 Thus, the Nation *835 al Bank Act authorizes JPMorgan Chase Bank to conduct the business of banking within Arkansas. 4 Whether JPMorgan Chase Bank, simply in virtue of being a national banking association, is authorized to do business in Arkansas pursuant to section 18-50-117…”
Piovanetti Pujals v. First National City Bank (1977)
“86-230 ( 12 U.S.C. § 42 ) would have the effect of finding that Chapter 6 of the National Bank Act (of which 12 U.”
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