ProvidedAfter , no certificate evidencing the stock of any State member bank shall bear any statement purporting to represent the stock of any other corporation, except a member bank or a corporation engaged on , in holding the bank premises of such member bank, nor shall the ownership, sale, or transfer of any certificate representing the stock of any State member bank be conditioned in any manner whatsoever upon the ownership, sale, or transfer of a certificate representing the stock of any other corporation, except a member bank or a corporation engaged on in holding the bank premises of such member bank: , That this subchapter shall not operate to prevent the ownership, sale, or transfer of stock of any other corporation being conditioned upon the ownership, sale, or transfer of a certificate representing stock of a State member bank.
Dec. 23, 1913, ch. 6, § 9 June 16, 1933, ch. 89, § 5(c) 48 Stat. 165 Aug. 23, 1935, ch. 614 49 Stat. 710 ( (par.), as added , ; amended , title III, § 310(b), .)
Editorial Notes
References in Text
This subchapter, referred to in text, was in the original “this section”, meaning section 9 of act , which is classified generally to this subchapter (§ 321 et seq.).
Codification
48 Stat. 165 49 Stat. 704 64 Stat. 458 Section is comprised of the twenty-first par. of section 9 of act , as amended. The twenty-first par. constituted the nineteenth par. of section 9 in 1933 (), became the twentieth par. in 1935 (), and became the twenty-first par. in 1950 (). For further details, see Codification notes set out under sections 321 and 329a of this title.
Amendments
1935—Act , among other changes, inserted proviso.