§11. Interest in national banks

It shall not be lawful for the Comptroller or the Deputy Comptroller of the Currency, either directly or indirectly, to hold an interest in any national bank.

(R.S. §329; Pub. L. 106–569, title XII, §1233(b), Dec. 27, 2000, 114 Stat. 3037 ; Pub. L. 111–203, title III, §314(c), July 21, 2010, 124 Stat. 1524 .)

Amendment of Section

Pub. L. 111–203, title III, §314(c), (d), July 21, 2010, 124 Stat. 1524 , provided that, effective on the transfer date, this section is amended by inserting before the period at the end the following: "or any Federal savings association". See Effective Date of 2010 Amendment note below.

Codification

R.S. §329 derived from act June 3, 1864, ch. 106, §1, 13 Stat. 99 , which was the National Bank Act. See section 38 of this title.

Amendments

2000-Pub. L. 106–569 substituted "to hold an interest in any national bank" for "to be interested in any association issuing national currency under the laws of the United States".

Effective Date of 2010 Amendment

Amendment by Pub. L. 111–203 effective on the transfer date, see section 314(d) of Pub. L. 111–203, set out as a note under section 1 of this title.