12 U.S.C. § 621 : US Code - Section 621: Liability of shareholders on unpaid subscriptions; membership of corporation in Federal reserve bank prohibited
Search 12 U.S.C. § 621 : US Code - 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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