31-U.S.C.-5103

§5103 – Legal Tender

Pathway

Title 31 > Subtitle IV > Chapter 51 > Subchapter I > Section 5103

Details

• Reference: Section 5103
• Legend: §5103 – Legal Tender
• USCode Year: 2013

Provision Content

United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) are legal tender for all debts, public charges, taxes, and dues. Foreign gold or silver coins are not legal tender for debts.

(Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 980; Pub. L. 97–452, §1(19), Jan. 12, 1983, 96 Stat. 2477.)

The words All . . . regardless of when coined or issued are omitted as unnecessary because of the restatement. The word debts is substituted for debts, public and private to eliminate unnecessary words. The words public charges, taxes, duties, and dues are omitted as included in debts.

1983 Act

This restores to 31:5103 the reference to public charges, taxes, and dues because they are not considered to be debts. See, Hagar v. Reclamation District No. 108, 111 U.S. 701, 706 (1884).

Amendments

1983—Pub. L. 97–452 inserted , public charges, taxes, and dues after all debts.

Effective Date of 1983 Amendment

Amendment effective Sept. 13, 1982, see section 2(i) of Pub. L. 97–452, set out as a note under section 3331 of this title.

U.S. Encyclopedia of Law Coverage

31-U.S.C.-1553 in the Legal Encyclopedia: Money

In this entry about 31-U.S.C.-1553, find legal reference material, bibliographies and premiere content related to money in the American Encyclopedia of Law, presenting a comprehensive view of the United States money-specific issues, written by authorities in the field.

Topic Map

• Browse the Topic Map in relation with Title 31 (Money And Finance) guided by subject interests.