
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 12USC621]

 
                       TITLE 12--BANKS AND BANKING
 
                       CHAPTER 6--FOREIGN BANKING
 
    SUBCHAPTER II--ORGANIZATION OF CORPORATIONS TO DO FOREIGN BANKING
 
Sec. 621. Liability of shareholders on unpaid subscriptions; 
        membership of corporation in Federal reserve bank prohibited
        
    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.

(Dec. 23, 1913, ch. 6, Sec. 25A (par.), formerly Sec. 25(a), as added 
Dec. 24, 1919, ch. 18, 41 Stat. 378; renumbered Sec. 25A, Pub. L. 102-
242, title I, Sec. 142(e)(2), Dec. 19, 1991, 105 Stat. 2281.)

                       References in Text

    This subchapter, referred to in text, was in the original ``this 
section'', meaning section 25A of act Dec. 23, 1913, which is classified 
to this subchapter (Sec. 611 et seq.).

                          Codification

    Section is comprised of a part of section 25A, formerly section 
25(a), which was added to act Dec. 23, 1913, ch. 6, by act Dec. 24, 
1919.
