12 U.S.C. § 63
Section 63 · 63, 64. Repealed. Pub. L. 86230, 7, Sept. 8, 1959, 73 Stat. 457
Applied in 101 court decisions — leading case Peacock v. Thomas (1996)
Most recently applied in Peacock v. Thomas (February 1996)
Cases citing this section usually also cite 12 U.S.C. § 191 · 12 U.S.C. § 65 · 12 U.S.C. § 66
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.
Section 63, R.S. 5151, related to individual liability of shareholders. Section 64, act Dec. 23, 1913, ch. 6, 23, 38 Stat. 273, related to transfer of shares as affecting individual liability of shareholders. Limitation on liability of shareholders, see section 64a of this title. The status of former section 63 of this title had been doubtful. At different times it had been held to have been repealed, superseded, and superseded only in part by former section 64 of this title which related to the same subject. See American T. Co. v. Grut, C.C.A. 1935, 80 F.2d 155; Miller v. Hamner, C.C.A. 1920, 269 F. 891; and First Nat. Bank v. First Nat. Bank, D.C. 1926, 14 F.2d 129.