12 U.S.C. § 633
Title 12
Chapter 6
Current through PL 116-220
~1 min read
Last updated: March 30, 2026
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§ 633. Potential liability on foreign accounts
- (a) A member bank shall not be required to repay any deposit made at a foreign branch of the bank if the branch cannot repay the deposit due to—
- (1) an act of war, insurrection, or civil strife; or
- (2) an action by a foreign government or instrumentality (whether de jure or de facto) in the country in which the branch is located;
- (b) The Board and the Comptroller of the Currency may jointly prescribe such regulations as they deem necessary to implement this section.
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