US Code / 2018 US Code / Title 12. Banks and Banking / Chapter 6. Foreign Banking / Subchapter II. Organization of Corporations to Do Foreign Banking / 12 U.S. Code §623. Voluntary liquidation

12 U.S. Code §623. Voluntary liquidation

Section 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.

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.

Citation

12 U.S.C. § 623 (2018)