§ 1040 to 1045. Repealed. Pub. L. 92–181, title V, § 5.26(a), Dec. 10, 1971, 85 Stat. 624

440 words·~2 min read·/usc/title-12/section-1040-to-1045

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Pub. L. 92–181, title V, § 5 .26(a), Dec. 10, 1971 , 85 Stat. 624 Section 1040, act Aug. 19, 1937, ch. 704, § 39 , 50 Stat. 718 , defined “debenture” and “debentures” as used in purchase, sale, or use as security of debentures issued by or for benefit of intermediate credit banks. Section 1041, act July 17, 1916, ch. 245, title II, § 203(a) , as added Mar. 4, 1923, ch. 252 , title I, § 2, 42 Stat. 1456 ; amended Ex. Ord. No. 6084, Mar. 27, 1933 ; June 3, 1935, ch. 164, § 6(a) , 49 Stat. 315 ;

Aug. 19, 1937, ch. 704, § 27 , 50 Stat. 715 ; July 26, 1956, ch. 741 , title I, § 104(f), 70 Stat. 664 ; Oct. 4, 1965 . Pub. L. 89–237, § 1(b) , 79 Stat. 922 ; June 18, 1968 , Pub. L. 90–345, § 1(a) , 82 Stat. 182 , empowered intermediate credit banks to borrow money and issue and sell collateral trust debentures. See section 2074 of this title . Section 1042, act July 17, 1916, ch. 245, title II, § 203(b) , as added Mar. 4, 1923, ch. 252 , title I, § 2, 42 Stat. 1456 ; amended Ex.

Ord. No. 6084, Mar. 27, 1933 ; Aug. 19, 1937, ch. 704, § 28 , 50 Stat. 715 ; Sept. 20, 1966 , Pub. L. 89–595 , 80 Stat. 821 , directed Farm Credit Administration to prescribe rules and regulations governing collateral and handling thereof and to fix interest rates. Section 1043, act July 17, 1916, ch. 245, title II, § 203(c) , as added Mar. 4, 1923, ch. 252 , title I, § 2, 42 Stat. 1456 ; amended Ex. Ord. No. 6084, Mar. 27, 1933 , prohibited assumption of liability on debentures or other obligations issued pursuant to former section 1041 of this title by the United States.

Section 1044, act July 17, 1916, ch. 245, title II, § 203(d) , as added June 3, 1935, ch. 164, § 6(b) , 49 Stat. 315 ; amended July 26, 1956, ch. 741 , title I, § 104(f), 70 Stat. 664 , authorized intermediate credit banks to issue and sell consolidated debentures or other similar obligations. Section 1045, act July 17, 1916, ch. 245, title II, § 203(e) , as added June 3, 1935, ch. 164, § 6(b) , 49 Stat. 316 ; amended July 26, 1956, ch. 741 , title I, § 104(f), 70 Stat. 664 , covered investment of fiduciary and trust funds in debentures and other similar obligations of intermediate credit banks and security for public deposits.

Connections14 off-index

14 references not yet in our index

Pub. L. 92-181
85 Stat. 624
50 Stat. 718
42 Stat. 1456
49 Stat. 315
50 Stat. 715
70 Stat. 664
Pub. L. 89-237
79 Stat. 922
Pub. L. 90-345
82 Stat. 182
Pub. L. 89-595
80 Stat. 821
49 Stat. 316

Citation graph

cites case law

§ 1040 to 1045

Repealed. Pub. L. 92–181, title V, § 5.26(a), Dec. 10, 1971, 85 Stat. 624

Pub. L.Pub. L. 92-181

Stat.85 Stat. 624

Stat.50 Stat. 718

Stat.42 Stat. 1456

Stat.49 Stat. 315

Cites 14 · showing 5Cited by 0 across 0 sources