Title 12
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Title 12
Title 12
FOREIGN BANKING
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Title 12
29
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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
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
Voluntary liquidation
Appointment of receiver or conservator
Stockholders’ meetings; books and records; reports; examination
Dividends; surplus fund
State taxation
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