2011 US Code
Title 12 - Banks and Banking
Chapter 6 - FOREIGN BANKING (§§ 601 - 633)
Subchapter II - ORGANIZATION OF CORPORATIONS TO DO FOREIGN BANKING (§§ 611 - 633)
Section 623 - Voluntary liquidation

View Metadata
Metadata
Publication TitleUnited States Code, 2006 Edition, Supplement 5, Title 12 - BANKS AND BANKING
CategoryBills and Statutes
CollectionUnited States Code
SuDoc Class NumberY 1.2/5:
Contained WithinTitle 12 - BANKS AND BANKING
CHAPTER 6 - FOREIGN BANKING
SUBCHAPTER II - ORGANIZATION OF CORPORATIONS TO DO FOREIGN BANKING
Sec. 623 - Voluntary liquidation
Containssection 623
Date2011
Laws in Effect as of DateJanuary 3, 2012
Positive LawNo
Dispositionstandard
Source CreditDec. 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.
Statutes at Large References41 Stat. 378
105 Stat. 2281
Public Law ReferencePublic Law 102-242

Download PDF
12 USC § 623 (2011)
§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.)

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.

Disclaimer: These codes may not be the most recent version. The United States Government Printing Office may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the US site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.