Laws: Cases and Codes : U.S. Code : Title 12 : Section 621


   
U.S. Code as of: 01/19/04
Section 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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