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Thread: Bank not cooperating? Might want to show them this...

  1. #1

    Talking Bank not cooperating? Might want to show them this...

    While I was reading a post on another site, I came across a comment that could potentially turn things around
    if/when the Bank or teller refuses to cooperate with your non-endorsements or demands for lawful money.

    It is, 12 U.S.C. § 501a

    Should any national banking association in the United States now
    organized fail within one year after December 23, 1913, to become a
    member bank or fail to comply with any of the provisions of this
    chapter applicable thereto
    , all of the rights, privileges, and
    franchises of such association granted to it under the National
    Bank Act [12 U.S.C. 21 et seq.], or under the provisions of this
    chapter, shall be thereby forfeited. Any noncompliance with or
    violation of this chapter shall, however, be determined and
    adjudged by any court of the United States of competent
    jurisdiction in a suit brought for that purpose in the district or
    territory in which such bank is located, under direction of the
    Board of Governors of the Federal Reserve System by the Comptroller
    of the Currency in his own name before the association shall be
    declared dissolved. In cases of such noncompliance or violation,
    other than the failure to become a member bank under the provisions
    of this chapter, every director who participated in or assented to
    the same shall be held liable in his personal or individual
    capacity
    for all damages
    which said bank, its shareholders, or any
    other person shall have sustained in consequence of such violation.
    Such dissolution shall not take away or impair any remedy against
    such corporation, its stockholders, or officers, for any liability
    or penalty which shall have been previously incurred.

    What do you guys think?

  2. #2
    Interesting. One could make it in a notice form and serve it as a notice on the bank's officers. A notice re: 18 USC 241 might compliment well.
    All rights reserved. Without prejudice. No liability assumed. No value assured.

    "The object in life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane." -- Marcus Aurelius
    "It is the glory of God to conceal a thing: but the honour of kings is to search out a matter." Proverbs 25:2
    Prove all things; hold fast that which is good. Thess. 5:21.

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