Public Law 119-73 (01/23/2026)

12 U.S.C. § 623

Voluntary liquidation

Any corporation organized under this subchapter may go into voluntary liquidation and be closed by a vote of its shareholders owning two-thirds of its stock.

Dec. 23, 1913, ch. 6, § 25ADec. 24, 1919, ch. 1841 Stat. 378Pub. L. 102–242, title I, § 142(e)(2)105 Stat. 2281( (par.), formerly § 25(a), as added , ; renumbered § 25A, , , .)

Editorial Notes

References in Text

Any corporation organized under this subchapter, referred to in text, was in the original “Any such corporation”.

Codification

section 611 of this titleSection is comprised of par. 15 (undesignated) of section 25A of act , which comprises this subchapter. For complete classification of section 25A of this Act, see Codification note set out under .