United States Code
USC most recently checked for updates: Jun 09, 2025
§ 623.
Voluntary liquidation
Any corporation organized under this subchapter may go into voluntary liquidation and be closed by a vote of its shareholders owning two-thirds of its stock.
(Dec. 23, 1913, ch. 6, § 25A (par.), formerly § 25(a), as added Dec. 24, 1919, ch. 18, 41 Stat. 378; renumbered § 25A, Pub. L. 102–242, title I, § 142(e)(2), Dec. 19, 1991 , 105 Stat. 2281.)
cite as: 12 USC 623
