Section, [act June 16, 1933, ch. 89, § 30], [48 Stat. 193], provided authority for removal of directors or officers of national banks, District banks, or State member banks for continued violations of law or for continued unsafe or unsound practices in conducting the business of such banks.
Codification
[Section 401 of Pub. L. 89–695], Oct. 16, 1966, [80 Stat. 1056], which provided for reenactment of this section effective upon expiration of the period ending at the close of June 30, 1972, was repealed by [Pub. L. 91–609, title IX, § 908], Dec. 31, 1970, [84 Stat. 1811].
Conditions Governing Employment of Personnel Not Repealed, Modified, or Affected
Nothing contained in [section 207 of Pub. L. 89–695] repealing this section to be construed as repealing, modifying, or affecting [section 1829 of this title], see [section 206 of Pub. L. 89–695], set out as a note under [section 1813 of this title].
