12 U.S.C. · Banks and Banking
12 U.S.C. § 623

Voluntary liquidation

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

12 U.S.C. § 623 — Voluntary liquidation

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. 623 - Voluntary liquidation From the U.S. Government Publishing Office, www.gpo.gov

§623. Voluntary liquidation

Any corporation organized under this subchapter may go into voluntary liquidation and be closed by a vote of its shareholders owning two-thirds of its stock.

(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 Any corporation organized under this subchapter, referred to in text, was in the original "Any such corporation".

Codification Section is comprised of par. 15 (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.

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