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

FEDERAL · 12 U.S.C. · Chapter SUBCHAPTER II—ORGANIZATION OF CORPORATIONS TO DO FOREIGN BANKING

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

12 U.S.C. § 621

ChapterSUBCHAPTER II—ORGANIZATION OF CORPORATIONS TO DO FOREIGN BANKING

This text of 12 U.S.C. § 621 (Liability of shareholders on unpaid subscriptions; membership of corporation in Federal reserve bank prohibited) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

12 U.S.C. § 621.

Text

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.

Free access — add to your briefcase to read the full text and ask questions with AI

Source Credit

History

(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

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.

Cite This Page — Counsel Stack

Bluebook (online)

12 U.S.C. § 621, Counsel Stack Legal Research, https://law.counselstack.com/usc/12/621.