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Notes to the Reader
1. Any material contained within brackets [ ] is not part of the text of the law but is inserted as an aid to the reader.
2. Citations have been included to enable the reader to locate the same material in the United States Code (U.S.C.). These citations are not a part of the text of the law in which they appear. For changes after the closing date of this publication (December 31, 2000) to provisions of law in this publication that have citations to the U.S. Code, see the United States Code Classification Tables published by the Office of the Law Revision Counsel of the House of Representatives at http://uscode.house.gov/uscct.htm.
REVISED THROUGH DECEMBER 31, 2000
ACT OF MAY 1, 1886
CHAP. 73.-An Act to enable national banking associations to increase their capital stock and to change their names or locations.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
[Section 1 was repealed by section 6 of Public Law 86–230, 73 Stat. 457.]
SEC. 2. [12 U.S.C. 30] (a) Any national banking association, upon written notice to the Comptroller of the Currency, may change its name, except that such new name shall include the word "National".
(b) Any national banking association, upon written notice to the Comptroller of the Currency, may change the location of its main office to any authorized branch location within the limits of the city, town, or village in which it is situated, or, with a vote of shareholders owning two-thirds of the stock of such association for a relocation outside such limits and upon receipt of a certificate of approval from the Comptroller of the Currency, to any other location within or outside the limits of the city, town, or village in which it is located, but not more than thirty miles beyond such limits.
(c) COORDINATION WITH REVISED STATUTES.-In the case of a national bank which relocates the main office of such bank from 1 State to another State after May 31, 1997, the bank may retain and operate branches within the State from which the bank relocated such office only to the extent authorized in section 5155(e)(2) of the Revised Statutes.
(d) RETENTION OF "FEDERAL" IN NAME OF CONVERTED FEDERAL SAVINGS ASSOCIATION.—
(1) IN GENERAL.-Notwithstanding subsection (a) or any other provision of law, any depository institution, the charter of which is converted from that of a Federal savings association to a national bank or a State bank after the date of the enactment of the Gramm-Leach-Bliley Act may retain the term "Federal" in the name of such institution if such institution remains an insured depository institution.
(2) DEFINITIONS.-For purposes of this subsection, the terms "depository institution", "insured depository institution", "national bank", and "State bank" have the meanings given those terms in section 3 of the Federal Deposit Insurance Act.
SEC. 3. [12 U.S.C. 31] That all debts, liabilities, rights, provisions, and powers of the association under its old name shall devolve upon and inure to the association under its new name.