12-U.S.C.-623
§623 – Voluntary Liquidation
Pathway
Title 12 > Chapter 6 > Subchapter II > Section 623
Details
- Reference: Section 623
- Legend: §623 – Voluntary Liquidation
- USCode Year: 2013
Provision Content
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.
U.S. Encyclopedia of Law Coverage
12-U.S.C.-602 in the Legal Encyclopedia: Banking Law
In this entry about 12-U.S.C.-602, find legal reference material, bibliographies and premiere content related to banking law in the American Encyclopedia of Law, presenting a comprehensive view of the United States banking law-specific issues, written by authorities in the field.
12-U.S.C.-622 in the Legal Encyclopedia: Foreign Banking
In this entry about 12-U.S.C.-622, find legal reference material, bibliographies and premiere content related to foreign banking in the American Encyclopedia of Law, presenting a comprehensive view of the United States foreign banking-specific issues, written by authorities in the field.
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