Title 12 — Banks and Banking
Chapter 6. Foreign Banking
30 sections
Subchapter I — Establishment by National Banks of Foreign Branches and Investments in Banks Doing Foreign Business
- 601Authorization; conditions and regulations
- 602Reports and examinations
- 603Restrictions imposed by Board of Governors of the Federal Reserve System on banks purchasing stock in corporations doing foreign business
- 604Accounts of foreign branches; profit and loss
- 604aRegulations authorizing exercise by foreign branches of usual powers of local banks; restrictions
- 605Repealed. Aug. 23, 1935, ch. 614
Subchapter II — Organization of Corporations to Do Foreign Banking
- 611Formation authorized; fiscal agents; depositaries in insular possessions
- 611aStatement of purposes; rules and regulations
- 612Articles of association; contents
- 613Signing of articles of association; forwarding to and filing by Board of Governors of the Federal Reserve System; organization certificate; contents
- 614Organization certificate; acknowledgment; forwarding to, filing, and approval by Board of Governors of the Federal Reserve System; permit to do business; body corporate; name; seal; corporate succession; contracts; suits; directors, officers, and employees; bylaws
- 615Powers of corporation
- 616Place of carrying on business; when business may be begun
- 617Engaging in commerce or trade in commodities; price fixing; forfeiture of charter; acts forbidden to directors, officers, agents, or employees
- 618Capital stock; amount; when paid in
- 619Capital stock; by whom held; ownership of capital stock by foreign bank
- 620Members of Board of Governors of the Federal Reserve System without interest in corporation
- 621Liability of shareholders on unpaid subscriptions; membership of corporation in Federal reserve bank prohibited
- 622Forfeiture of rights and privileges; dissolution; liability of directors and officers
- 623Voluntary liquidation
- 624Appointment of receiver or conservator
- 625Stockholders’ meetings; books and records; reports; examination
- 626Dividends; surplus fund
- 627State taxation
- 628Extension of corporate existence
- 629Conversion of banking corporations into Federal corporations; procedure
- 630Offenses by officers of corporation; punishment
- 631False representations as to liability of United States for acts of corporation; punishment
- 632Jurisdiction of United States courts; disposition by banks of foreign owned property
- 633Potential liability on foreign accounts