
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 12USC131]

 
                       TITLE 12--BANKS AND BANKING
 
                        CHAPTER 2--NATIONAL BANKS
 
  SUBCHAPTER VII--PROCEEDINGS ON FAILURE OF BANK TO REDEEM CIRCULATING 
                                  NOTES
 
Secs. 131 to 138. Repealed. Pub. L. 103-325, title VI, 
        Sec. 602(e)(14)-(21), Sept. 23, 1994, 108 Stat. 2292
        
    Section 131, R.S. Sec. 5226; June 20, 1874, ch. 343, Sec. 3, 18 
Stat. 123, related to protest of notes and waiver of demand and notice 
of protest.
    Section 132, R.S. Sec. 5227, related to appointment by Comptroller 
of the Currency of special agent to examine failure of national banking 
association to redeem its circulating notes and provided for forfeiture 
of association's bonds to United States based on findings of agent.
    Section 133, R.S. Sec. 5228; Feb. 18, 1875, ch. 80, Sec. 1, 18 Stat. 
320, prohibited banking associations from continuing in business after 
default.
    Section 134, R.S. Sec. 5229, provided that, upon declaration of 
forfeiture of association's bonds, Comptroller of the Currency was to 
notify holders of circulating notes to present notes for payment and was 
authorized to cancel bonds pledged by association.
    Section 135, R.S. Sec. 5232, related to disposition of redeemed 
notes and perpetuation of evidence of payment of such notes.
    Section 136, R.S. Sec. 5233, related to cancellation of redeemed 
notes.
    Section 137, R.S. Sec. 5230, provided Comptroller of the Currency 
with option of selling defaulting association's bonds at auction, rather 
than cancelling them, and granted United States paramount lien on all 
association assets in case of deficiencies from such sale.
    Section 138, R.S. Sec. 5231, related to private sale of defaulting 
association's bonds by Comptroller of the Currency.
