12 USC § 196 - Expenses

---
identifier: "/us/usc/t12/s196"
source: "usc"
legal_status: "official_prima_facie"
title: "12 USC § 196 - Expenses"
title_number: 12
title_name: "BANKS AND BANKING"
section_number: "196"
section_name: "Expenses"
chapter_number: 2
chapter_name: "NATIONAL BANKS"
subchapter_number: "XIII"
subchapter_name: "RECEIVERSHIP"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(R.S. § 5238; Pub. L. 103–325, title VI, § 602(g)(13), Sept. 23, 1994, 108 Stat. 2294.)"
---


# § 196. Expenses

All expenses of any preliminary or other examinations into the condition of any association shall be paid by such association. All expenses of any receivership shall be paid out of the assets of such association before distribution of the proceeds thereof.

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**Source Credit**: (R.S. § 5238; Pub. L. 103–325, title VI, § 602(g)(13), Sept. 23, 1994, 108 Stat. 2294.)

## Editorial Notes

### Codification

R.S. § 5238 derived from , , which was the National Bank Act. See .

### Amendments

1994— struck out at beginning “All fees for protesting the notes issued by any national banking association shall be paid by the person procuring the protest to be made, and such association shall be liable therefor; but no part of the bonds deposited by such association shall be applied to the payment of such fees.”