---
kind: "section"
citation: "12 U.S.C. § 336"
title: "12"
title_heading: "Banks and Banking"
number: "336"
heading: "Certificates of stock; representation of stock of other corporations"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/12/336"
units:
  - "Chapter 3 — Federal Reserve System"
  - "Subchapter VIII — State Banks as Members of System"
---

# §336. Certificates of stock; representation of stock of other corporations


After August 23, 1935, no certificate evidencing the stock of any [State](/usc/12/1707.md?p=d) [member bank](/usc/12/221a.md?p=a) shall bear any statement purporting to represent the stock of any other corporation, except a [member bank](/usc/12/221a.md?p=a) or a corporation engaged on June 16, 1934, in holding the bank premises of such [member bank](/usc/12/221a.md?p=a), nor shall the ownership, sale, or transfer of any certificate representing the stock of any [State](/usc/12/1707.md?p=d) [member bank](/usc/12/221a.md?p=a) be conditioned in any manner whatsoever upon the ownership, sale, or transfer of a certificate representing the stock of any other corporation, except a [member bank](/usc/12/221a.md?p=a) or a corporation engaged on June 16, 1934 in holding the bank premises of such [member bank](/usc/12/221a.md?p=a): Provided, That this subchapter shall not operate to prevent the ownership, sale, or transfer of stock of any other corporation being conditioned upon the ownership, sale, or transfer of a certificate representing stock of a [State](/usc/12/1707.md?p=d) [member bank](/usc/12/221a.md?p=a).


## Source credit

(Dec. 23, 1913, ch. 6, § 9 (par.), as added June 16, 1933, ch. 89, § 5(c), 48 Stat. 165; amended Aug. 23, 1935, ch. 614, title III, § 310(b), 49 Stat. 710.)

## Notes

### Editorial Notes

### References in Text

This subchapter, referred to in text, was in the original “this section”, meaning section 9 of act Dec. 23, 1913, which is classified generally to this subchapter (§ 321 et seq.).

### Codification

Section is comprised of the twenty-first par. of section 9 of act Dec. 23, 1913, as amended. The twenty-first par. constituted the nineteenth par. of section 9 in 1933 (48 Stat. 165), became the twentieth par. in 1935 (49 Stat. 704), and became the twenty-first par. in 1950 (64 Stat. 458). For further details, see Codification notes set out under sections 321 and 329a of this title.

### Amendments

1935—Act Aug. 23, 1935, among other changes, inserted proviso.