12-U.S.C.-1723B

§1723B – Investment of Funds

Pathway

Title 12 > Chapter 13 > Subchapter III > Section 1723b

Details

• Reference: Section 1723b
• Legend: §1723B – Investment of Funds
• USCode Year: 2013

Provision Content

Moneys of the Association not invested in mortgages or other security holdings or in operating facilities shall be kept in cash on hand or on deposit, or invested in obligations of the United States or guaranteed thereby, or in obligations, participations, or other instruments which are lawful investments for fiduciary, trust, or public funds.

(June 27, 1934, ch. 847, title III, §310, as added Aug. 2, 1954, ch. 649, title II, §201, 68 Stat. 621; amended Pub. L. 86–372, title III, §305(b), Sept. 23, 1959, 73 Stat. 670; Pub. L. 87–70, title VI, §603(e), June 30, 1961, 75 Stat. 177; Pub. L. 88–560, title VII, §701(b)(3), Sept. 2, 1964, 78 Stat. 800.)

Prior Provisions

Prior provisions on the subject of this section were formerly contained in section 1718 of this title.

Amendments

1964—Pub. L. 88–560 authorized investment of funds in participations and other instruments which are lawful investments.

1961—Pub. L. 87–70 inserted or other security holdings after mortgages.

1959—Pub. L. 86–372 substituted in obligations of the United States or guaranteed thereby, or in obligations which are lawful investments for fiduciary, trust, or public funds for in bonds or other obligations of, or in bonds or other obligations guaranteed as to principal and interest by, the United States.

U.S. Encyclopedia of Law Coverage

12-U.S.C.-1715Z-8 in the Legal Encyclopedia: Banking Law

In this entry about 12-U.S.C.-1715Z-8, find legal reference material, bibliographies and premiere content related to banking law in the American Encyclopedia of Law, presenting a comprehensive view of the United States banking law-specific issues, written by authorities in the field.

12-U.S.C.-1715Z-23 in the Legal Encyclopedia: Mortgage

In this entry about 12-U.S.C.-1715Z-23, find legal reference material, bibliographies and premiere content related to mortgage in the American Encyclopedia of Law, presenting a comprehensive view of the United States mortgage-specific issues, written by authorities in the field.

12-U.S.C.-1718 in the Legal Encyclopedia: Insurance

In this entry about 12-U.S.C.-1718, find legal reference material, bibliographies and premiere content related to insurance in the American Encyclopedia of Law, presenting a comprehensive view of the United States insurance-specific issues, written by authorities in the field.

12-U.S.C.-1723A in the Legal Encyclopedia: Housing

In this entry about 12-U.S.C.-1723A, find legal reference material, bibliographies and premiere content related to housing in the American Encyclopedia of Law, presenting a comprehensive view of the United States housing-specific issues, written by authorities in the field.

Topic Map

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