SUBCHAPTER I—ESTABLISHMENT BY NATIONAL BANKS OF FOREIGN BRANCHES AND INVESTMENTS IN BANKS DOING FOREIGN BUSINESS
Authorization; conditions and regulations.
Reports and examinations.
Restrictions imposed by Board of Governors of the Federal Reserve System on banks purchasing stock in corporations doing foreign business.
Accounts of foreign branches; profit and loss.
Regulations authorizing exercise by foreign branches of usual powers of local banks; restrictions.
SUBCHAPTER II—ORGANIZATION OF CORPORATIONS TO DO FOREIGN BANKING
Formation authorized; fiscal agents; depositaries in insular possessions.
Statement of purposes; rules and regulations.
Articles of association; contents.
Signing of articles of association; forwarding to and filing by Board of Governors of the Federal Reserve System; organization certificate; contents.
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.
Powers of corporation.
Place of carrying on business; when business may be begun.
Engaging in commerce or trade in commodities; price fixing; forfeiture of charter; acts forbidden to directors, officers, agents, or employees.
Capital stock; amount; when paid in.
Capital stock; by whom held; ownership of capital stock by foreign bank.
Members of Board of Governors of the Federal Reserve System without interest in corporation.
Liability of shareholders on unpaid subscriptions; membership of corporation in Federal reserve bank prohibited.
Forfeiture of rights and privileges; dissolution; liability of directors and officers.
Appointment of receiver or conservator.
Stockholders’ meetings; books and records; reports; examination.
Dividends; surplus fund.
Extension of corporate existence.
Conversion of banking corporations into Federal corporations; procedure.
Offenses by officers of corporation; punishment.
False representations as to liability of United States for acts of corporation; punishment.
Jurisdiction of United States courts; disposition by banks of foreign owned property.
Potential liability on foreign accounts.
The table below lists the classification updates, since Jan. 3, 2012, for the contained sections. If there are multiple sections, they are presented in section number order (original document order).
The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013
An empty table indicates that we see no relevant changes listed in the classification tables. If you suspect that our system may be missing something, please double-check with the Office of the Law Revision Counsel.
Description of Change
Statutes at Large
LII has no control over and does not endorse any external Internet site that contains links to or references LII.