
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: 12USC67]

 
                       TITLE 12--BANKS AND BANKING
 
                        CHAPTER 2--NATIONAL BANKS
 
             SUBCHAPTER II--CAPITAL, STOCK, AND STOCKHOLDERS
 
Sec. 67. Individual liability of shareholders; compromises; 
        authority of receiver
        
    Any receiver of a national banking association is authorized, with 
the approval of the Comptroller of the Currency and upon the order of a 
court of record of competent jurisdiction, to compromise, either before 
or after judgment, the individual liability of any shareholder of such 
association.

(Feb. 25, 1930, ch. 58, 46 Stat. 74.)

                  Exception as to Transfer of Functions

    Functions vested by any provision of law in Comptroller of the 
Currency, referred to in this section, not included in transfer to 
Secretary of the Treasury, see note set out under section 1 of this 
title.


                   Application to District of Columbia

    Provisions of this section were made applicable to banks, etc., in 
the District of Columbia by act Mar. 4, 1933, ch. 274, Sec. 4, 47 Stat. 
1567.
