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12 U.S.C. · Banks and Banking
12 U.S.C. § 621

Liability of shareholders on unpaid subscriptions; membership of corporation in Federal reserve bank prohibited

Ch. 6 — FOREIGN BANKING
Title 12 U.S.C. ● ACTIVE Primary Source Ch. 6
Statutory Text

12 U.S.C. § 621 — Liability of shareholders on unpaid subscriptions; membership of corporation in Federal reserve bank prohibited

U.S.C. Title 12 - BANKS AND BANKING 12 U.S.C. United States Code, 2023 Edition Title 12 - BANKS AND BANKING CHAPTER 6 - FOREIGN BANKING SUBCHAPTER II - ORGANIZATION OF CORPORATIONS TO DO FOREIGN BANKING Sec. 621 - Liability of shareholders on unpaid subscriptions; membership of corporation in Federal reserve bank prohibited From the U.S. Government Publishing Office, www.gpo.gov

§621. Liability of shareholders on unpaid subscriptions; membership of corporation in Federal reserve bank prohibited

Shareholders in any corporation organized under the provisions of this subchapter shall be liable for the amount of their unpaid stock subscriptions. No such corporation shall become a member of any Federal reserve bank.

(Dec. 23, 1913, ch. 6, §25A (par.), formerly §25(a), as added Dec. 24, 1919, ch. 18, 41 Stat. 378; renumbered §25A, Pub. L. 102–242, title I, §142(e)(2), Dec. 19, 1991, 105 Stat. 2281.)

Editorial Notes

References in Text This subchapter, referred to in text, was in the original "this section", meaning section 25A of act Dec. 23, 1913, which is classified to this subchapter (§611 et seq.).

Codification Section is comprised of par. 13 (undesignated) of section 25A of act Dec. 23, 1913, which comprises this subchapter. For complete classification of section 25A of this Act, see Codification note set out under section 611 of this title.

Source: uscode.house.gov — public domain Official Source ↗
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12 U.S.C. § 621
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The statutory text of 12 U.S.C. § 621 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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← 12 U.S.C. § 620 12 U.S.C. § 622 →
Ch. 6 — FOREIGN BANKING
12 U.S.C. § 60112 U.S.C. § 60212 U.S.C. § 60312 U.S.C. § 60412 U.S.C. § 604a12 U.S.C. § 60512 U.S.C. § 61112 U.S.C. § 611a12 U.S.C. § 61212 U.S.C. § 61312 U.S.C. § 61412 U.S.C. § 61512 U.S.C. § 61612 U.S.C. § 61712 U.S.C. § 61812 U.S.C. § 61912 U.S.C. § 62012 U.S.C. § 62112 U.S.C. § 62212 U.S.C. § 62312 U.S.C. § 62412 U.S.C. § 62512 U.S.C. § 62612 U.S.C. § 62712 U.S.C. § 62812 U.S.C. § 62912 U.S.C. § 63012 U.S.C. § 63112 U.S.C. § 63212 U.S.C. § 633
12 U.S.C. — public domain ← All Legislation
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boisestandard.org → United States → Law → U.S. Code → Title 12 → 12 U.S.C. § 621