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12 U.S.C. § 623

Voluntary liquidation

United States · Title 12 — BANKS AND BANKING · Status: effective

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12 U.S.C. § 623, Voluntary liquidation, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/437452
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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.

Legislative history

The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone. The law that originally enacted this section predates the public laws loaded here, so only later amendments are listed.

  • Amended byPub. L. 102-242(S. 543)1991-12-19
    Federal Deposit Insurance Corporation Improvement Act of 1991
    House: no recorded tallySenate: 68–15