§ 613. — Signing of articles of association; forwarding to and filing by Board of Governors of the Federal Reserve System; organization certificate; contents.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC613]
TITLE 12--BANKS AND BANKING
CHAPTER 6--FOREIGN BANKING
SUBCHAPTER II--ORGANIZATION OF CORPORATIONS TO DO FOREIGN BANKING
Sec. 613. Signing of articles of association; forwarding to and
filing by Board of Governors of the Federal Reserve System;
organization certificate; contents
Articles of association described in section 612 of this title shall
be signed by all of the persons intending to participate in the
organization of the corporation and, thereafter, shall be forwarded to
the Board of Governors of the Federal Reserve System and shall be filed
and preserved in its office. The persons signing the said articles of
association shall, under their hands, make an organization certificate
which shall specifically state:
First. The name assumed by such corporation, which shall be subject
to the approval of the Board of Governors of the Federal Reserve System.
Second. The place or places where its operations are to be carried
on.
Third. The place in the United States where its home office is to be
located.
Fourth. The amount of its capital stock and the number of shares
into which the same shall be divided.
Fifth. The names and places of business or residence of the persons
executing the certificate and the number of shares to which each has
subscribed.
Sixth. The fact that the certificate is made to enable the persons
subscribing the same, and all other persons, firms, companies, and
corporations, who or which may thereafter subscribe to or purchase
shares of the capital stock of such corporation, to avail themselves of
the advantages of this subchapter.
(Dec. 23, 1913, ch. 6, Sec. 25A (pars.), formerly Sec. 25(a), as added
Dec. 24, 1919, ch. 18, 41 Stat. 378; amended Aug. 23, 1935, ch. 614,
title II, Sec. 203(a), 49 Stat. 704; renumbered Sec. 25A, Pub. L. 102-
242, title I, Sec. 142(e)(2), Dec. 19, 1991, 105 Stat. 2281.)
References in Text
Articles of association described in section 612 of this title,
referred to in text, was in the original ``Such articles of
association''.
This subchapter, referred to in par. sixth, was in the original
``this section'', meaning section 25A of act Dec. 23, 1913, which is
classified to this subchapter (Sec. 611 et seq.).
Codification
Section is comprised of a part of section 25A, formerly section
25(a), which was added to act Dec. 23, 1913, ch. 6, by act Dec. 24,
1919.
Change of Name
Section 203(a) of act Aug. 23, 1935, changed name of Federal Reserve
Board to Board of Governors of the Federal Reserve System.
Section Referred to in Other Sections
This section is referred to in section 615 of this title.
