CHAPTER 6 — Foreign Banking
30 sections.
SUBCHAPTER I — ESTABLISHMENT BY NATIONAL BANKS OF FOREIGN BRANCHES AND INVESTMENTS IN BANKS DOING FOREIGN BUSINESS 6 sections
- § 601. — Authorization; conditions and regulations
- § 602. — Reports and examinations
- § 603. — Restrictions imposed by Board of Governors of the Federal Reserve System on banks purchasing stock in corporations doing foreign business
- § 604. — Accounts of foreign branches; profit and loss
- § 604a. — Regulations authorizing exercise by foreign branches of usual powers of local banks; restrictions
- § 605. — Repealed. Aug. 23, 1935, ch. 614, title III, § 329, 49 Stat. 717
SUBCHAPTER II — ORGANIZATION OF CORPORATIONS TO DO FOREIGN BANKING 24 sections
- § 611. — Formation authorized; fiscal agents; depositaries in insular possessions
- § 611a. — Statement of purposes; rules and regulations
- § 612. — Articles of association; contents
- § 613. — Signing of articles of association; forwarding to and filing by Board of Governors of the Federal Reserve System; organization certificate; contents
- § 614. — Organization 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
- § 615. — Powers of corporation
- § 616. — Place of carrying on business; when business may be begun
- § 617. — Engaging in commerce or trade in commodities; price fixing; forfeiture of charter; acts forbidden to directors, officers, agents, or employees
- § 618. — Capital stock; amount; when paid in
- § 619. — Capital stock; by whom held; ownership of capital stock by foreign bank
- § 620. — Members of Board of Governors of the Federal Reserve System without interest in corporation
- § 621. — Liability of shareholders on unpaid subscriptions; membership of corporation in Federal reserve bank prohibited
- § 622. — Forfeiture of rights and privileges; dissolution; liability of directors and officers
- § 623. — Voluntary liquidation
- § 624. — Appointment of receiver or conservator
- § 625. — Stockholders’ meetings; books and records; reports; examination
- § 626. — Dividends; surplus fund
- § 627. — State taxation
- § 628. — Extension of corporate existence
- § 629. — Conversion of banking corporations into Federal corporations; procedure
- § 630. — Offenses by officers of corporation; punishment
- § 631. — False representations as to liability of United States for acts of corporation; punishment
- § 632. — Jurisdiction of United States courts; disposition by banks of foreign owned property
- § 633. — Potential liability on foreign accounts