
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 12USC628]

 
                       TITLE 12--BANKS AND BANKING
 
                       CHAPTER 6--FOREIGN BANKING
 
    SUBCHAPTER II--ORGANIZATION OF CORPORATIONS TO DO FOREIGN BANKING
 
Sec. 628. Extension of corporate existence

    Any corporation organized under the provisions of this subchapter 
may at any time within the two years next previous to the date of the 
expiration of its corporate existence, by a vote of the shareholders 
owning two-thirds of its stock, apply to the Board of Governors of the 
Federal Reserve System for its approval to extend the period of its 
corporate existence for a term of not more than twenty years, and upon 
certified approval of the Board of Governors of the Federal Reserve 
System such corporation shall have its corporate existence for such 
extended period unless sooner dissolved by the act of the shareholders 
owning two-thirds of its stock, or by an Act of Congress or unless its 
franchise becomes forfeited by some violation of law.

(Dec. 23, 1913, ch. 6, Sec. 25A (par.), formerly Sec. 25(a), as added 
Dec. 24, 1919, ch. 18, 41 Stat. 378; amended Aug. 23, 1935, ch. 614, 
title II, Sec. 203(a), 49 Stat. 704; 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.

                         Change of Name

    Section 203(a) of act Aug. 23, 1935, changed name of Federal Reserve 
Board to Board of Governors of the Federal Reserve System.
