
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: 12USC502]

 
                       TITLE 12--BANKS AND BANKING
 
                    CHAPTER 3--FEDERAL RESERVE SYSTEM
 
  SUBCHAPTER XVI--CIVIL LIABILITY OF FEDERAL RESERVE AND MEMBER BANKS, 
                       SHAREHOLDERS, AND OFFICERS
 
Sec. 502. Liability of shareholders of Federal reserve banks on 
        contracts, etc.
        
    The shareholders of every Federal reserve bank shall be held 
individually responsible equally and ratably, and not one for another, 
for all contracts, debts, and engagements of such bank to the extent of 
the amount of their subscriptions to such stock at the par value thereof 
in addition to the amount subscribed, whether such subscriptions have 
been paid up in whole or in part under the provisions of this chapter.

(Dec. 23, 1913, ch. 6, Sec. 2, 38 Stat. 252.)

                  Section Referred to in Other Sections

    This section is referred to in section 481 of this title.
