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United States Code

Subchapter II

Organization of Corporations to Do Foreign Banking

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