section 24 of this titlesection 24a of this titleState member banks shall be subject to the same limitations and conditions with respect to the purchasing, selling, underwriting, and holding of investment securities and stock as are applicable in the case of national banks under paragraph “Seventh” of . This section shall not apply to any interest held by a State member bank in accordance with and subject to the same conditions and limitations provided in such section.
Dec. 23, 1913, ch. 6, § 9June 16, 1933, ch. 89, § 5(c)48 Stat. 165Pub. L. 106–102, title I, § 121(d)(2)113 Stat. 1381( (par.), as added , ; amended , , .)
Editorial Notes
Codification
48 Stat. 1649 Stat. 70464 Stat. 458Section is comprised of the twentieth par. of section 9 of act , as amended. The twentieth par. constituted the eighteenth par. of section 9 in 1933 (), became the nineteenth par. in 1935 (), and became the twentieth par. in 1950 (). For further details, see Codification notes set out under sections 321 and 329a of this title.
Amendments
Pub. L. 106–102section 24a of this title1999— inserted at end “This section shall not apply to any interest held by a State member bank in accordance with and subject to the same conditions and limitations provided in such section.”
Statutory Notes and Related Subsidiaries
Effective Date of 1999 Amendment
Pub. L. 106–102section 161 of Pub. L. 106–102section 24 of this titleAmendment by effective 120 days after , see , set out as a note under .