Corporations to be organized for the purpose of engaging in international or foreign banking or other international or foreign financial operations, or in banking or other financial operations in a dependency or insular possession of the United States, either directly or through the agency, ownership or control of local institutions in foreign countries, or in such dependencies or insular possessions as provided by this subchapter and to act when required by the Secretary of the Treasury as fiscal agents of the United States, may be formed by any number of natural persons, not less in any case than five: Provided, That nothing in this subchapter shall be construed to deny the right of the Secretary of the Treasury to use any corporation organized under this subchapter as depositaries in Panama and the Panama Canal Zone, or other insular possessions and dependencies of the United States.
Notes of Decisions
Bank of Am. Corp. v. Lemgruber, 385 F. Supp. 2d 200 (S.D.N.Y. 2005).
· cites it 2× “An "Edge Act Corporation” is a corporation organized "for the purpose of engaging in international or foreign banking or other international or foreign financial operations,” 12 U.S.C. § 611 , and is organized as provided for in Subchapter II of the Edge Act itself, 12 U.”
Rose Hall, Ltd. v. Chase Manhattan Overseas Banking Corp., 576 F. Supp. 107 (D. Del. 1983).
· cites it 2× “” 12 U.S.C. § 611 (emphasis added). Second, section 615 allows an Edge Act corporation, with the consent of the Federal Reserve Board of Governors, to: first, “establish and maintain for the transaction of its business branches in foreign countries,” 12 U.”
Am. Int'l Grp., Inc. v. Bank of Am. Corp., 712 F.3d 775 (2d Cir. 2013).
“d or incorporated under the laws of the United States or of any State thereof, and principally engaged in international or foreign banking, or banking in a dependency or insular possession of the United States either directly or through the agency, ownership, or control of local…”
City of Houston v. Morgan Guar. Int'l Bank, 666 S.W.2d 524 (Tex. App. 1983).
· cites it 2× “” 12 U.S.C. § 611 . From its inception through the tax year 1980, MGIBH paid the ad valorem tax on bank shares to the appellants on behalf of its sole stockholder, MGT.”
In Re Optimal U.S. Litig., 813 F. Supp. 2d 351 (S.D.N.Y. 2011).
“began investing Plaintiffs’ assets with Madoff, Echeverria served as head of Banco Santander’s International Private Banking Division’s Portfolio Management and Fund Management Group.”
Calzadilla v. Banco Latino Internacional, 413 F.3d 1285 (11th Cir. 2005).
“At that time, BLI, a financial institution located in Miami, Florida, and established under the Edge Act, 12 U.S.C. § 611 et seq., was a subsidiary of BLCA.”
City of Cleveland v. Deutsche Bank Trust Co., 571 F. Supp. 2d 807 (N.D. Ohio 2008).
“”), which was not a party to the suit, filed and served a notice of removal, asserting federal question jurisdiction under the Edge Act, 12 U.S.C. § 611 et seq. Chase, N.A. claimed that Chase & Co.”
Maria Del Carmen Miranda De Villalba v. Coutts & Co. (Usa) Int'l, 250 F.3d 1351 (11th Cir. 2001).
“” 12 U.S.C. § 611 . 2 . Villalba contends that the insulation of sec-lion 3403(c) is available only where the dis *1354 closure is made on the basis of a subjective suspicion of illegal activity; Coutts counters that only objectively reasonable suspicion is required.”
Farouki v. Petra Int'l Banking Corp., 811 F. Supp. 2d 388 (D.D.C. 2011).
“PIBC was chartered in the District of Columbia in 1983 pursuant to the Edge Act, 12 U.S.C. § 611 , to engage in international and foreign banking operations.”
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