22-U.S.C.-286E-1
§286E-1 – §286E-1. Increase In Quota of United States and In Capital Stock of Bank; Subscription to Additional Shares
Pathway
Title 22 > Chapter 7 > Subchapter XV > Section 286e-1
Details
- Reference: Section 286e-1
- Legend: §286E-1 – §286E-1. Increase In Quota of United States and In Capital Stock of Bank; Subscription to Additional Shares
- USCode Year: 2013
Provision Content
(a) The United States Governor of the Fund is authorized to request and consent to an increase of $1,375,000,000 in the quota of the United States under article III, section 2, of the articles of agreement of the Fund, as proposed in the resolution of the Board of Governors of the Fund dated February 2, 1959.
(b) The United States Governor of the Bank is authorized (1) to vote for increases in the capital stock of the Bank under article II, section 2, of the articles of agreement of the Bank, as recommended in the resolution of the Board of Governors of the Bank dated February 2, 1959, and (2) if such increases become effective, to subscribe on behalf of the United States to thirty-one thousand seven hundred and fifty additional shares of stock under article II, section 3, of the articles of agreement of the Bank.
(July 31, 1945, ch. 339, §16, as added Pub. L. 86–48, §1, June 17, 1959, 73 Stat. 80.)
U.S. Encyclopedia of Law Coverage
22-U.S.C.-286CC in the Legal Encyclopedia: Foreign Relations
In this entry about 22-U.S.C.-286CC, find legal reference material, bibliographies and premiere content related to foreign relations in the American Encyclopedia of Law, presenting a comprehensive view of the United States foreign relations-specific issues, written by authorities in the field.
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