40-U.S.C.-17306
§17306 – Agreements of Indemnity
Pathway
Title 40 > Subtitle VI > Chapter 173 > Section 17306
Details
- Reference: Section 17306
- Legend: §17306 – Agreements of Indemnity
- USCode Year: 2013
Provision Content
(a) Definition.—In this section, the term Federal Government includes wholly owned Government corporations, and officers and employees of the Government or its executive departments, independent establishments, and agencies while acting in their official capacity.
(b) Authority To Make Agreement.—The Secretary of the Treasury may make and deliver, on behalf of the Federal Government, a binding agreement of indemnity the Secretary considers necessary and proper to enable the Government to obtain the replacement of any instrument or document—
(1) received by the Government or an agent of the Government in the agents official capacity; and
(2) which, after having been received, is lost, destroyed, or so mutilated as to impair its value.
(c) When Federal Government Not Obligated.—The Government is not obligated under an agreement of indemnity if the obligee named in the agreement makes a payment or delivery not required by law on the original of the instrument or document covered by the agreement.
(d) Use of Fund for the Payment of Government Losses in Shipment.—The fund described in section 17303 of this title is available to pay any obligation arising out of an agreement the Secretary makes under this section.
(Pub. L. 107–217, Aug. 21, 2002, 116 Stat. 1282.)
| Revised Section |
Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 17306(a) | 40:729(a) (last sentence). | July 8, 1937, ch. 444, §7(a) (last sentence), 50 Stat. 480; Aug. 10, 1939, ch. 665, §3, 53 Stat. 1359. |
| 17306(b) | 40:725 (1st sentence words before proviso). | July 8, 1937, ch. 444, §3b, as added Aug. 10, 1939, ch. 665, §2, 53 Stat. 1359. |
| 17306(c) | 40:725 (1st sentence proviso). | |
| 17306(d) | 40:725 (last sentence). |
U.S. Encyclopedia of Law Coverage
40-U.S.C.-15702 in the Legal Encyclopedia: Public Property
In this entry about 40-U.S.C.-15702, find legal reference material, bibliographies and premiere content related to public property in the American Encyclopedia of Law, presenting a comprehensive view of the United States public property-specific issues, written by authorities in the field.
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