15-U.S.C.-714E

15-U.S.C.-714E

§714E – Capital Stock; Amount; Interest

Pathway

Title 15 > Chapter 15 > Subchapter II > Section 714e

Details

  • Reference: Section 714e
  • Legend: §714E – Capital Stock; Amount; Interest
  • USCode Year: 2013

Provision Content

The Corporation shall have a capital stock of $100,000,000 which shall be subscribed by the United States. Such subscription shall be deemed to be fully paid by the transfer of assets to the Corporation pursuant to section 714n of this title. The Corporation shall pay interest to the United States Treasury on the amount of its capital stock, and on the amount of the obligations of the Corporation purchased by the Secretary of the Treasury pursuant to the Act of March 8, 1938 (U.S.C., title 15, sec. 713a–4), as amended, at such rates as may be determined by the Secretary of the Treasury to be appropriate in view of the terms for which such amounts are made available to the Corporation.

(June 29, 1948, ch. 704, §7, 62 Stat. 1072.)

References in Text

Act of March 8, 1938, referred to in text, is act Mar. 8, 1938, ch. 44, §§1–5, 52 Stat. 107, which was classified to sections 713a–1 to 713a–5 of this title. Sections 713a–1 and 713a–2 were repealed by Pub. L. 87–155, §1, Aug. 17, 1961, 75 Stat. 391, and section 713a–3 was omitted from the Code.

Exceptions From Transfer of Functions

For exception of functions of corporations of Department of Agriculture from transfer of functions to Secretary of Agriculture by Reorg. Plan No. 2 of 1953, see Exceptions From Transfer of Functions note set out under section 712a of this title.

U.S. Encyclopedia of Law Coverage

15-U.S.C.-713A-7 in the Legal Encyclopedia: Trade Law

In this entry about 15-U.S.C.-713A-7, find legal reference material, bibliographies and premiere content related to trade law in the American Encyclopedia of Law, presenting a comprehensive view of the United States trade law-specific issues, written by authorities in the field.

15-U.S.C.-713A-3 in the Legal Encyclopedia: Economic Recovery

In this entry about 15-U.S.C.-713A-3, find legal reference material, bibliographies and premiere content related to economic recovery in the American Encyclopedia of Law, presenting a comprehensive view of the United States economic recovery-specific issues, written by authorities in the field.

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