Subchapter II Organization of Corporations to DO Foreign Banking

Sections in Subchapter II

• § 611 Formation authorized; fiscal agents; depositaries in insular possessions
• § 611a Statement of purposes; rules and regulations
• § 612 Articles of association; contents
• § 613 Signing of articles of association; forwarding to and filing by Board of Governors of the Federal Reserve System; organization certificate; contents
• § 614 Organization certificate; acknowledgment; forwarding to, filing, and approval by Board of Governors of the Federal Reserve System; permit to do business; body corporate; name; seal; corporate succession; contracts; suits; directors, officers, and employees; bylaws
• § 615 Powers of corporation
• § 616 Place of carrying on business; when business may be begun
• § 617 Engaging in commerce or trade in commodities; price fixing; forfeiture of charter; acts forbidden to directors, officers, agents, or employees
• § 618 Capital stock; amount; when paid in
• § 619 Capital stock; by whom held; ownership of capital stock by foreign bank
• § 620 Members of Board of Governors of the Federal Reserve System without interest in corporation
• § 621 Liability of shareholders on unpaid subscriptions; membership of corporation in Federal reserve bank prohibited
• § 622 Forfeiture of rights and privileges; dissolution; liability of directors and officers
• § 623 Voluntary liquidation
• § 624 Appointment of receiver or conservator
• § 625 Stockholders’ meetings; books and records; reports; examination
• § 626 Dividends; surplus fund
• § 627 State taxation
• § 628 Extension of corporate existence
• § 629 Conversion of banking corporations into Federal corporations; procedure
• § 630 Offenses by officers of corporation; punishment
• § 631 False representations as to liability of United States for acts of corporation; punishment
• § 632 Jurisdiction of United States courts; disposition by banks of foreign owned property
• § 633 Potential liability on foreign accounts