**(a)** No national bank shall be subject to any visitorial powers except as authorized by Federal law, vested in the courts of justice or such as shall be, or have been exercised or directed by Congress or by either House thereof or by any committee of Congress or of either House duly authorized.
**(b)** Notwithstanding subsection (a), lawfully authorized State auditors and examiners may, at reasonable times and upon reasonable notice to a bank, review its records solely to ensure compliance with applicable State unclaimed property or escheat laws upon reasonable cause to believe that the bank has failed to comply with such laws.
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Source location: Title 12, Chapter 3, § 484; chapter-003-federal-reserve-system.md
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**(a)** No national bank shall be subject to any visitorial powers except as authorized by Federal law, vested in the courts of justice or such as shall be, or have been exercised or directed by Congress or by either House thereof or by any committee of Congress or of either House duly authorized.
**(b)** Notwithstanding subsection (a), lawfully authorized State auditors and examiners may, at reasonable times and upon reasonable notice to a bank, review its records solely to ensure compliance with applicable State unclaimed property or escheat laws upon reasonable cause to believe that the bank has failed to comply with such laws.
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Federal law — U.S. Code and appendices · legal_authorities
§ 484. Limitation on visitorial powers
(a) No national bank shall be subject to any
visitorial powers except as authorized by Fed-
eral law, vested in the courts of justice or such
as shall be, or have been exercised or directed by
Congress or by either House thereof or by any
committee of Congress or of either House duly
authorized.
(b) Notwithstanding subsection (a), lawfully
authorized State auditors and examiners may,
at reasonable times and upon reasonable notice
to a bank, review its records solely to ensure
compliance with applicable State unclaimed
property or escheat laws upon reasonable cause
to believe that the bank has failed to comply
with such laws.
(R.S. § 5240 (par.); Feb. 19, 1875, ch. 89, 18 Stat.
329; Dec. 23, 1913, ch. 6, § 21, 38 Stat. 272; Pub. L.
97–320, title IV, § 412, Oct. 15, 1982, 96 Stat. 1521;
Pub. L. 97–457, § 23(a), Jan. 12, 1983, 96 Stat. 2510.)
Editorial Notes
CODIFICATION
R.S. § 5240 derived from act June 3, 1864, ch. 106, § 54,
13 Stat. 116, which was part of the National Bank Act.
See section 38 of this title.
Section is comprised of sixth par. of R.S. § 5240, as
amended. See Codification note set out under section
481 of this title.
Section 412 of Pub. L. 97–320, set out in the credit of
this section, was amended by section 23(a) of Pub. L.
97–457 to correct an error in the directory language of
section 412 of Pub. L. 97–320. That amendment involved
only directory language and not the content of the text
being amended by Pub. L. 97–320 so no change in the
text of this section resulted from the amendment by
Pub. L. 97–457.
AMENDMENTS
1982—Subsec. (a). Pub. L. 97–320, as amended by Pub.
L. 97–457, designated existing provisions as subsec. (a),
and amended subsec. (a) generally. Prior to amendment