§ 621. Liability of shareholders on unpaid subscriptions; membership of corporation in Federal reserve bank prohibited

146 words·~1 min read·/usc/title-12/section-621

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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.

(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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statute-compilations

Sec. 25A
banking corporations authorized to do foreign banking business

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U.S. Code

Formation authorized; fiscal agents; depositaries in insular possessions
§ 611

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Dec. 23, 1913, ch. 6, § 25A
Dec. 24, 1919, ch. 18
41 Stat. 378
Pub. L. 102–242, title I, § 142(e)(2)
105 Stat. 2281

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§ 621

Liability of shareholders on unpaid subscriptions; membership of corporation in Federal reserve bank prohibited

Stat. Comp.×1

U.S.C.§ 611

ActDec. 23, 1913, ch. 6, § 25A

ActDec. 24, 1919, ch. 18

Stat.41 Stat. 378

Pub. L.Pub. L. 102–242, title I, § 142(e)(2)

Stat.105 Stat. 2281

Cites 6Cited by 1 across 1 source