1. LawStack
  2. Title 12 - BANKS AND BANKING
  3. Chapter 6 - FOREIGN BANKING
  4. Subchapter II - ORGANIZATION OF CORPORATIONS TO DO FOREIGN BANKING
  5. 12 USC § 623
12 USC § 623
Voluntary liquidation
October 30, 2020
USC

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.

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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§ 622 Forfeiture of rights and privileges; dissolution; liability of directors and officers
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§ 629 Conversion of banking corporations into Federal corporations; procedure

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