§ 1716b. Partition of Federal National Mortgage Association into Federal National Mortgage Association and Government National Mortgage Association; assets and liabilities; operations
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The purposes of this title 1 include the partition of the Federal National Mortgage Association as heretofore existing into two separate and distinct corporations, each of which shall have continuity and corporate succession as a separated portion of the previously existing corporation. One of such corporations, to be known as Federal National Mortgage Association, will be a Government-sponsored private corporation, will retain the assets and liabilities of the previously existing corporation accounted for under section 1719 of this title, and will continue to operate the secondary market operations authorized by such section 1719.
The other, to be known as Government National Mortgage Association, will remain in the Government, will retain the assets and liabilities of the previously existing corporation accounted for under sections 1720 1 and 1721 of this title, and will continue to operate the special assistance functions and management and liquidating functions authorized by such sections 1720 1 and 1721.
(Pub. L. 90–448, title VIII, § 801, Aug. 1, 1968, 82 Stat. 536.)
Connections29 cite this · traces to 5
Cited by 29 sections · top 28
U.S. Code
- § 3535Administrative provisions
- § 1464Federal savings associations
- § 24Corporate powers of associations
- § 1757Powers
- § 1717Federal National Mortgage Association and Government National Mortgage Association
- § 1721Management and liquidation functions of Government National Mortgage Association
- § 1716Declaration of purposes of subchapter
- § 1431Powers and duties of banks
- § 378Dealers in securities engaging in banking business; individuals or associations engaging in banking business; examinations and reports; penalties
- § 1723aGeneral powers of Government National Mortgage Association and Federal National Mortgage Association
- § 3720Powers of Secretary
- § 1719Secondary market operations
- § 709False advertising or misuse of names to indicate Federal agency
- § 1436Reserves and dividends; emergency suspensions of requirements
- § 3534Transfer of functions
- § 1718Capitalization of Federal National Mortgage Association
- § 1723Management
- § 1722Benefits and burdens incident to administration of functions and operations under sections 1720 and 1721
- § 1723cObligations, participations, or other instruments as lawful investments; acceptance as security; exempt securities
- § 1717aProhibition against sale of obligations by Federal departments and agencies after June 30, 1966, without compliance with requirements of section 1717(c) of this title or without approval by Secretary of the Treasury; exemption
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statute-compilations
Traces to 5 documents
U.S. Code
- Secondary market operations§ 1719
- False advertising or misuse of names to indicate Federal agency§ 709
- Management and liquidation functions of Government National Mortgage Association§ 1721
- Repealed. Pub. L. 98–181, title I [title IV, § 483(a)], Nov. 30, 1983, 97 Stat. 1240§ 1720
- Federal National Mortgage Association and Government National Mortgage Association§ 1717
16 references not yet in our index
- 1
- Pub. L. 90–448, title VIII, § 801
- 82 Stat. 536
- Pub. L. 90–448
- Pub. L. 98–181, title I
- 97 Stat. 1240
- Pub. L. 90–448, title VIII, § 808
- 82 Stat. 545
- Pub. L. 90–448, title VIII, § 809
- Pub. L. 90–448, title VIII, § 810
- Pub. L. 91–609, title IX, § 901(e)
- 84 Stat. 1807
- Pub. L. 93–383, title VIII, § 806
- 88 Stat. 728
- Pub. L. 99–514, § 2
- 100 Stat. 2095
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cites case law
§ 1716b
Partition of Federal National Mortgage Association into Federal National Mortgage Association and Government National Mortgage Association; assets and liabilities; operations
U.S.C.×21
Stat. Comp.×4
Fed. Reg.×2
Stat.×2
Cite1
Pub. L.Pub. L. 90–448, title VIII, § 801
Stat.82 Stat. 536
Pub. L.Pub. L. 90–448
Pub. L.Pub. L. 98–181, title I
Cites 21 · showing 10Cited by 29 across 4 sources