§ 320.29. Guaranty.
44 words·~1 min read·
/us/cfr/t24/s§ 320.29·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
With respect to bond-type securities, the Association will guarantee the timely payment of principal of and interest on such securities, subject to the terms and conditions of the securities. The Association's guaranty is backed by the full faith and credit of the United States.