U.S. Code » Title 12 » Chapter CHAPTER 6— FOREIGN BANKING › Subchapter SUBCHAPTER II— ORGANIZATION OF CORPORATIONS TO DO FOREIGN BANKING

12 U.S.C. § 621

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

Read at: OLRCuscode.house.gov CornellLII GovInfogovinfo.gov JustiaTitle 12 CasesGoogle Scholar

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.