12 U.S.C. § 623

Current through P.L. 118-106 (published on www.congress.gov on 10/04/2024)

Section 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.

12 U.S.C. § 623

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.

EDITORIAL NOTES

REFERENCES IN TEXTAny corporation organized under this subchapter, referred to in text, was in the original "Any such corporation".

CODIFICATIONSection 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.