12-U.S.C.-992

§992 – §§992 to 993. Repealed. Pub. L. 87-353, §3(A), (W), Oct. 4, 1961, 75 Stat. 773, 774

Pathway

Title 12 > Chapter 7 > Subchapter I > Government Deposits In Land Banks – Section 992

Details

• Reference: Government Deposits In Land Banks – Section 992
• Legend: §992 – §§992 to 993. Repealed. Pub. L. 87-353, §3(A), (W), Oct. 4, 1961, 75 Stat. 773, 774
• USCode Year: 2013

Provision Content

Section 992, act July 17, 1916, ch. 245, §32 (par.), as added May 12, 1933, ch. 25, title II, §21, 48 Stat. 41; amended June 16, 1933, ch. 98, title VIII, §80(a), 48 Stat. 273, related to Government guaranty of interest on qualified Federal land bank bonds issued during limited period, use of proceeds of such bonds, limitation on aggregate amount of such bonds, payment of interest by Government on inability of issuing bank and rights of Government after such payment.

Section 992a, act Jan. 31, 1934, ch. 7, §5, 48 Stat. 346, prohibited any Federal land bank, ninety days after January 31, 1934, from issuing any bonds under provisions of section 992 of this title, subject to guarantee of interest on such bonds by United States except for purpose of refinancing any bond which was or had been issued subject to such guarantee of interest.

Section 993, act July 17, 1916, ch. 245, §32 (par.), as added May 12, 1933, ch. 25, title II, §21, 48 Stat. 41, related to delivery of bonds issued under section 992 of this title in payment of certain mortgages.

U.S. Encyclopedia of Law Coverage

12-U.S.C.-981 in the Legal Encyclopedia: Banking Law

In this entry about 12-U.S.C.-981, 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.-953 in the Legal Encyclopedia: Farm Credit System

In this entry about 12-U.S.C.-953, find legal reference material, bibliographies and premiere content related to farm credit system in the American Encyclopedia of Law, presenting a comprehensive view of the United States farm credit system-specific issues, written by authorities in the field.

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