FEDERAL · 12 U.S.C. · Chapter SUBCHAPTER II—ORGANIZATION OF CORPORATIONS TO DO FOREIGN BANKING
State taxation
12 U.S.C. § 627
Title12 — Banks and Banking
ChapterSUBCHAPTER II—ORGANIZATION OF CORPORATIONS TO DO FOREIGN BANKING
This text of 12 U.S.C. § 627 (State taxation) 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. § 627.
Text
Any corporation organized under the provisions of this subchapter shall be subject to tax by the State within which its home office is located in the same manner and to the same extent as other corporations organized under the laws of that State which are transacting a similar character of business. The shares of stock in such corporation shall also be subject to tax as the personal property of the owners or holders thereof in the same manner and to the same extent as the shares of stock in similar State corporations.
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Related
First Federal Savings & Loan Ass'n v. Tax Commission
437 U.S. 255 (Supreme Court, 1978)
City of Houston v. Morgan Guaranty International Bank
666 S.W.2d 524 (Court of Appeals of Texas, 1983)
Continental Bank International v. City of New York Department of Finance
506 N.E.2d 525 (New York Court of Appeals, 1987)
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. 19 (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.
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. 19 (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. § 627, Counsel Stack Legal Research, https://law.counselstack.com/usc/12/627.