12 U.S.C. § 81
Place of business
The general business of each national banking association shall be transacted in the place specified in its organization certificate and in the branch or branches, if any, established or maintained by it in accordance with the provisions of section 36 of this title.
Notes of Decisions
Cited in 17
cases, 1936–2001 · leading case: Clarke v. Sec. Indus. Assn., 479 U.S. 388 (1987).
Clarke v. Sec. Indus. Assn., 479 U.S. 388 (1987). “§ 36 and 12 U. S. C. § 81 . Section 81 limits "the general business" of a national bank to its headquarters and any "branches" permitted by § 36.”
Indep. Bankers Ass'n of Am. v. Smith, 534 F.2d 921 (D.C. Cir. 1976). “42 Representative McFadden analyzed the effect of this amendment as follows: [This section] amends Section 5190 of the Revised Statutes [now 12 U.S.C. § 81 ] so as to permit the general business of national banking associations to be carried on at the home office and in the…”
Citizens & S. Nat'l Bank v. Bougas, 434 U.S. 35 (1977). “12 U. S. C. § 81 ), indicated as much. National banks (other, perhaps, than those that originally were state banks with existing branches) were not permitted to engage in branch banking until 1927, when the McFadden Act, 44 Stat.”
Mazaika v. Bank One, Columbus, N.A., 653 A.2d 640 (Pa. Super. Ct. 1995). “12 U.S.C. § 81 ), indicated as much. National banks (other, perhaps, than those that originally were state banks with existing branches) were not permitted to engage in branch banking until 1927, when the McFadden Act, 44 Stat.”
Cope v. Anderson, 331 U.S. 461 (1947). “Many provisions of federal law make national banks, in important aspects, peculiarly local institutions. See 12 U. S. C. §§ 30 , 33, 34 (a), 36, 51, 62, 72.”
Sec. Indus. Ass'n v. Comptroller of the Currency, 577 F. Supp. 252 (D.D.C. 1983). “5190, 12 U.S.C. § 81 . “Branches” were defined in Section 36(f) of the Act: The term “branch” as used in this section shall be held to include any branch bank, branch office, branch agency, additional office, or any branch place of business .”
Int'l Refugee Org. v. Bank of Am. Nat. Trust & Sav. Ass'n, 86 F. Supp. 884 (S.D.N.Y. 1949). “” Title 12 U.S.C.A. § 81 provides that:— “The general business of each national banking association shall be transacted in the place specified in its organization certificate and in the branch or branches, if any, established) or maintained by it in accordance with the…”
Leonardi v. Chase Nat. Bank of City of New York, 81 F.2d 19 (2d Cir. 1936). “Then the national bank might be said to be located at each of its different branches. However, in National City Bank v.”
Gen. Elec. Credit Corp. v. James Talcott, Inc., 271 F. Supp. 699 (S.D.N.Y. 1966). “1949); 12 U.S.C. §§ 81 , 36. It would also appear that, prior to the amendment of February 25, 1927 (the McFadden Act, C.”
Cent. Bank v. Superior Court, 30 Cal. App. 3d 962 (Cal. Ct. App. 1973). “1229 (1927); 12 U.S.C. § 81 .) The McFadden Act, moreover, declared: “No branch of any national banking assocation shall be established or moved from one location to another without first obtaining the consent and approval of the Comptroller of the Currency.”
Cades v. H & R Block, Inc., 43 F.3d 869 (4th Cir. 1994). “He argues that under 12 U.S.C. § 81 , a national bank may transact business only in the state in which it is located.”
Chem Serv., Inc. v. Env't Monitoring Sys. Lab'y-Cincinnati of the United States Env't Prot. Agency, 12 F.3d 1256 (3rd Cir. 1993). “In considering whether SIA was within the zone of interests, the Court looked beyond § 36 to 12 U.S.C. § 81 . Prior to the enactment of § 36, national banks were prevented from branching under the limitation imposed by § 81.”
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