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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 12 U.S.C. § 623 Voluntary liquidation us united_states_code code_section 12 BANKS AND BANKING 6 FOREIGN BANKING 623 12 U.S.C. § 623 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip /us/usc/t12/s623 data/legal/raw/us/code/title-12/usc12.xml 8b937966050bd61e6e4d019b0f193d2aaa1c3df04c79f5d1de0ca5e59473fa9d e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa acadae1c059d60f03c8403020d88ad129ce078bfe47b5210d4735921f270f4b2 2026-07-04 official
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12 U.S.C. § 623 - Voluntary liquidation

Text

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, § 25A (par.), formerly § 25(a), as added Dec. 24, 1919, ch. 18, 41 Stat. 378; renumbered § 25A, Pub. L. 102242, title I, § 142(e)(2), Dec. 19, 1991, 105 Stat. 2281.)

Notes

Editorial Notes

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

Codification Section is comprised of par. 15 (undesignated) of section 25A of act Dec. 23, 1913, which comprises this subchapter. For complete classification of section 25A of this Act, see Codification note set out under section 611 of this title.