Home/U.S. Code/Title 12/Ch. SUBCHAPTER II—ORGANIZATION OF CORPORATIONS TO DO FOREIGN BANKING/§ 623
FEDERAL · 12 U.S.C. · Chapter SUBCHAPTER II—ORGANIZATION OF CORPORATIONS TO DO FOREIGN BANKING

Voluntary liquidation

12 U.S.C. § 623
Title12 — Banks and Banking
ChapterSUBCHAPTER II—ORGANIZATION OF CORPORATIONS TO DO FOREIGN BANKING

This text of 12 U.S.C. § 623 (Voluntary liquidation) 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. § 623.

Text

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.

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Related

Becker v. Caesars Entertainment, Culinary Union Local 226
(D. Nevada, 2021)
Wanda L. Adams v. Florida Power Corporation
255 F.3d 1322 (Eleventh Circuit, 2001)

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
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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Bluebook (online)
12 U.S.C. § 623, Counsel Stack Legal Research, https://law.counselstack.com/usc/12/623.