Formation of national banking associations; incorporators; articles of association

FederalStatutes

Ask Donna

How this section applies to your facts.

Title 12—BANKS AND BANKING > CHAPTER 2—NATIONAL BANKS > SUBCHAPTER I—ORGANIZATION AND GENERAL PROVISIONS

This text was captured on Jul 23, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.

Text

Associations for carrying on the business of banking under title 62 of the Revised Statutes may be formed by any number of natural persons, not less in any case than five. They shall enter into articles of association, which shall specify in general terms the object for which the association is formed, and may contain any other provisions, not inconsistent with law, which the association may see fit to adopt for the regulation of its business and the conduct of its affairs. These articles shall be signed by the persons uniting to form the association, and a copy of them shall be forwarded to the Comptroller of the Currency, to be filed and preserved in his office.

(R.S. § 5133.)

This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.