From time to time, the comptroller shall make a ratable dividend of the money so paid over to him by such receiver on all such claims as may have been proved to his satisfaction or adjudicated in a court of competent jurisdiction, and, as the proceeds of the assets of such association are paid over to him, shall make further dividends on all claims previously proved or adjudicated; and the remainder of the proceeds, if any, shall be paid over to the shareholders of such association, or their legal representatives, in proportion to the stock by them respectively held.
Pub. L. 103–325, title VI, § 602(g)(12)108 Stat. 2294(R.S. § 5236; , , .)
Editorial Notes
Codification
act June 3, 1864, ch. 106, § 5013 Stat. 114section 38 of this titleR.S. § 5236 derived from , , which was the National Bank Act. See .
Amendments
Pub. L. 103–3251994— struck out “, after full provision has been first made for refunding to the United States any deficiency in redeeming the notes of such association” after “From time to time”.
Statutory Notes and Related Subsidiaries
Application to District of Columbia
act Mar. 4, 1933, ch. 274, § 447 Stat. 1567Provisions of this section were made applicable to banks, etc. in the District of Columbia by , .
Executive Documents
Exception as to Transfer of Functions
section 1 of this titleFunctions vested by any provision of law in Comptroller of the Currency, referred to in this section, not included in transfer of functions to Secretary of the Treasury, see note set out under .