31-U.S.C.-3125
§3125 – Relief For Lost, Stolen, Destroyed, Mutilated, Or Defaced Obligations
Pathway
Title 31 > Subtitle III > Chapter 31 > Subchapter II > Section 3125
Details
- Reference: Section 3125
- Legend: §3125 – Relief For Lost, Stolen, Destroyed, Mutilated, Or Defaced Obligations
- USCode Year: 2013
Provision Content
(a) In this section, obligation means a direct obligation of the United States Government issued under law for valuable consideration, including bonds, notes, certificates of indebtedness, Treasury bills, and interim certificates issued for an obligation.
(b) The Secretary of the Treasury may provide relief for the loss, theft, destruction, mutilation, or defacement of an obligation identified by number and description.
(c)(1) An indemnity bond is required as a condition of relief if the obligation is payable to bearer or assigned so as to become payable to bearer and is not proven clearly to have been destroyed. The Secretary may prescribe for the indemnity bond the form, amount, and surety or security requirements.
(2) Relief for interest coupons claimed to have been attached to an obligation may be provided only if the Secretary is satisfied that the coupons have not been paid and are destroyed or will not become the basis of a valid claim against the Government.
(Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 946.)
| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 3125(a) | 31:738a(d). | July 8, 1937, ch. 444, §8(a)–(d), 50 Stat. 481; Aug. 10, 1939, ch. 665, §4, 53 Stat. 1359; Nov. 8, 1945, ch. 453, §153, 59 Stat. 574; restated May 27, 1971, Pub. L. 92–19, 85 Stat. 74. |
| 3125(b) | 31:738a(a). | |
| 3125(c)(1) | 31:738a(b). | |
| 3125(c)(2) | 31:738a(c). |
In the section, the word obligation is substituted for security in the defined term for consistency in the chapter and the revised title and to eliminate using the word security in 2 different ways in the same section.
In subsection (b), the words Under such regulations as he may deem necessary for the administration of this section are omitted as unnecessary because of section 321(b) of the revised title.
In subsection (c)(1), the words whether before, at, or after maturity and in effect are omitted as surplus.
U.S. Encyclopedia of Law Coverage
31-U.S.C.-3105 in the Legal Encyclopedia: Public Finance
In this entry about 31-U.S.C.-3105, find legal reference material, bibliographies and premiere content related to public finance in the American Encyclopedia of Law, presenting a comprehensive view of the United States public finance-specific issues, written by authorities in the field.
31-U.S.C.-3123 in the Legal Encyclopedia: Financial Management
In this entry about 31-U.S.C.-3123, find legal reference material, bibliographies and premiere content related to financial management in the American Encyclopedia of Law, presenting a comprehensive view of the United States financial management-specific issues, written by authorities in the field.
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