Federal · Title 12 — Banks and Banking

12 U.S.C. § 1952: Reports on ownership and control

Civil

What this law says, in plain English

The Secretary may require uninsured banks and institutions to file reports about their ownership, control, management, and changes to those matters if deemed useful for investigations or proceedings.

Read the full statutory text

Where the Secretary determines that the making of appropriate reports by uninsured banks or uninsured institutions of any type with respect to their ownership, control, and managements and any changes therein has a high degree of usefulness in criminal, tax, or regulatory investigations or proceedings, he may by regulation require such banks or institutions to make such reports as he determines in respect of such ownership, control, and managements and changes therein.

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This page is legal information, not legal advice. Code text is sourced from official publications and may lag amendments — always confirm at the official source linked above. Plain-English summaries and relationship data are AI-derived and reviewed on an ongoing basis; verify with a licensed attorney before acting.