§ 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.
Source
(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.)Notes
References in Text
Any corporation organized under this subchapter, referred to in text, was in the original “Any such corporation”.
Codification
Section is comprised of par. 15 (undesignated) of section 25A of act
Dec. 23, 1913
, which comprises this subchapter. For complete classification of section 25A of this Act, see Codification note set out under section 611 of this title.