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U.S. Code as of:
01/19/04
Section 628. Extension of corporate existence
Any corporation organized under the provisions of this subchapter
may at any time within the two years next previous to the date of
the expiration of its corporate existence, by a vote of the
shareholders owning two-thirds of its stock, apply to the Board of
Governors of the Federal Reserve System for its approval to extend
the period of its corporate existence for a term of not more than
twenty years, and upon certified approval of the Board of Governors
of the Federal Reserve System such corporation shall have its
corporate existence for such extended period unless sooner
dissolved by the act of the shareholders owning two-thirds of its
stock, or by an Act of Congress or unless its franchise becomes
forfeited by some violation of law.
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