12 U.S.C. § 621

Title 12Chapter 6Current through PL 116-220~1 min readLast updated: March 30, 2026View on OLRC →

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§ 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.

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