12 U.S.C. § 53
Section 53 · When capital stock paid in
Amended 1 time on record
Applied in 1 court decisions — leading case Deitrick v. Greaney (1940)
Most recently applied in Deitrick v. Greaney (February 1940)
How often courts cite this section
Court decisions citing this, by year.Markers show enactment, consequential amendments, and circuit splits over this section — watch for a citation surge after a change or a disagreement. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
All of the capital stock of every national banking association shall be paid in before it shall be authorized to commence business.
Editorial notes U.S. Code · Office of the Law Revision Counsel
Codification
R.S. §5140 derived from act June 3, 1864, ch. 106, §14, 13 Stat. 103, which was the National Bank Act. See section 38 of this title.
Amendments
1959—Pub. L. 86–230 substituted requirement that all the capital stock of a national bank must be paid in before it commences business for permissive authority to be open for business upon payment of 50 per centum of the capital stock and installment payment of the remaining 50 per centum.