12 U.S.C. § 51c | “Common stock”, “capital”, and “capital stock” defined

1 See References in Text note below.

1The term “common stock” as used in sections 51a, 51b, 51c, and 51d  of this title means stock of national banking associations other than preferred stock issued under the provisions of said sections. The term “capital” as used in provisions of law relating to the capital of national banking associations shall mean the amount of unimpaired common stock plus the amount of preferred stock outstanding and unimpaired; and the term “capital stock”, as used in sections 101, 177, and 178  of this title, shall mean only the amount of common stock outstanding.

Mar. 9, 1933, ch. 1 48 Stat. 5(, title III, § 303, .)

Editorial Notes

References in Text

Section 51d of this title act June 30, 1947, ch. 166, title II, § 206(b)o61 Stat. 208 section 51b–1 of this title, referred to in text, was repealed by , (), . For effect of the repeal on outstanding debentures held by banks, see note under .

Pub. L. 103–325, title VI, § 602(f)(2)Sept. 23, 1994108 Stat. 2292Sections 101, 177, and 178 of this title, referred to in text, were repealed by , (5), , , 2293.