12 U.S.C. § 616
Place of carrying on business; when business may be begun
No corporation organized under this subchapter shall carry on any part of its business in the United States except such as, in the judgment of the Board of Governors of the Federal Reserve System, shall be incidental to its international or foreign business: And provided further, That except such as is incidental and preliminary to its organization, no such corporation shall exercise any of the powers conferred by this subchapter until it has been duly authorized by the Board of Governors of the Federal Reserve System to commence business as a corporation organized under the provisions of this subchapter.
Notes of Decisions
Cited in 1
case, 2000–2000 · leading case: Banco Latino International v. Gomez Lopez
Banco Latino International v. Gomez Lopez (2000)
“1981) (citing 12 U.S.C. § 616 ). The Edge Act was originally enacted in 1919 to facilitate the international activities of American banks.”
Annotations are extracted automatically from the opinions in the
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treatment. Dots show Syfertize treatment of the citing case itself.