The additional liability imposed upon shareholders in national banking associations by the provisions of sections 63 and 64 of this title shall not apply with respect to shares in any such association issued after June 16, 1933. Such additional liability shall cease on July 1, 1937, with respect to all shares issued by any association which shall be transacting the business of banking on July 1, 1937: Provided, That not less than six months prior to such date, such association shall have caused notice of such prospective termination of liability to be published in a newspaper published in the city, town, or county in which such association is located, and if no newspaper is published in such city, town, or county, then in a newspaper of general circulation therein. If the association fail 11 So in original. Probably should be “fails”. to give such notice as and when above provided, a termination of such additional liability may thereafter be accomplished as of the date six month 22 So in original. Probably should be “months”. subsequent to publication, in the manner above provided. In the case of each association which has not caused notice of such prospective termination of liability to be published prior to May 18, 1953, the Comptroller of the Currency shall cause such notice to be published in the manner provided in this section, and on the date six months subsequent to such publication by the Comptroller of the Currency such additional liability shall cease.
Notes of Decisions
Anderson v. Abbott (1944)
scotus · cites it 4×
“708 , 12 U.S.C. § 64a. [7] It is true that the court in Laurent v.”
Camden Trust Company v. Ray M. Gidney, Comptroller of the Currency (1962)
cadc
“457 (1959); see 12 U.S.C. § 64a], unrelated to their possible liability as shareholders in Haddonfield National ; the Comptroller has assigned a name to Delaware Valley that is not susceptible of confusion with Haddonfield National; Delaware Valley will be located approximately…”
Frank v. Giesy (1941)
ca9
“1 “The shareholders of every national banking association shall be held individually responsible for all contracts, debts, and engagements of such association, to the extent of the amount of their stock therein, at the par value thereof * * Act of December 23, 1013, c.”
Federal Deposit Ins. v. Gunderson (1939)
ca8
“189 , 12 U.S.C.A. § 64a. Plaintiff contends on these appeals, as it did in the lower court, that the statute did not apply.”
Todd v. Russell (1939)
ca2
“708 , 12 U.S.C.A. § 64a; N.Y.Const, art. 8, § 7, repealed by vote of the people in 1935; N.”
Continental Assurance Co. v. American Bankshares Corp. (1982)
wied
“Congress limited shareholders’ individual liability under sections 63 and 64 when it enacted 12 U.S.C. § 64a in 1933 and eliminated all liability under those sections when it repealed them in their entirety in 1959.”
Haight v. Franklin (1942)
ca2
“§ 64, now substantially done away with, except for earlier claims, by more recent legislation abandoning bank-stock assessability, 12 U.S.C.A. § 64a, was passed as a part of the Federal Reserve Act of 1913.”
Nettles v. Rhett (1937)
southcarolinaed
“This has also been done in other jurisdictions, and by act of Congress as to national banks (12 U.S.C.A. § 64a). In another case brought by the plaintiff, Joseph L.”
Annotations are extracted automatically from the opinions in the
Syfert caselaw corpus and ranked by authority, recency, and
treatment. Dots show Syfertize treatment of the citing case itself.