2017 US Code
Title 12 - Banks and Banking
Chapter 6 - Foreign Banking
Subchapter II - Organization of Corporations to Do Foreign Banking
Sec. 621 - Liability of shareholders on unpaid subscriptions; membership of corporation in Federal reserve bank prohibited
| 12 U.S.C. § 621 (2017) |
| §621. Liability of shareholders on unpaid subscriptions; membership of corporation in Federal reserve bank prohibited |
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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. |
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(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.) |
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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.). CODIFICATIONSection 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. |
| United States Code, 2012 Edition, Supplement 5, Title 12 - BANKS AND BANKING |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 12 - BANKS AND BANKING CHAPTER 6 - FOREIGN BANKING SUBCHAPTER II - ORGANIZATION OF CORPORATIONS TO DO FOREIGN BANKING Sec. 621 - Liability of shareholders on unpaid subscriptions; membership of corporation in Federal reserve bank prohibited |
| section 621 |
| 2017 |
| January 12, 2018 |
| No |
| standard |
| 41 Stat. 378 105 Stat. 2281 |
| Public Law 102-242 |
