§ 1504. Capital stock of Corporation
755 words·~3 min read·
/usc/title-7/section-1504A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Subscription by United States The Corporation shall have a capital stock of $500,000,000 subscribed by the United States of America, payment for which shall, with the approval of the Secretary, be subject to call in whole or in part by the Board.
(b)Appropriations There is authorized to be appropriated such sums as are necessary for the purpose of subscribing to the capital stock of the Corporation.
(c)Issuance of stock to Secretary of the Treasury Receipts for payments by the United States of America for or on account of such stock shall be issued by the Corporation to the Secretary of the Treasury and shall be evidence of the stock ownership by the United States of America.
(d)Cancellation of receipts; nonliability of Corporation Within thirty days after September 26, 1980, the Secretary of the Treasury shall cancel, without consideration, receipts for payments for or on account of the stock of the Corporation outstanding on September 26, 1980, and such receipts shall cease to be liabilities of the Corporation.
(Feb. 16, 1938, ch. 30, title V, § 504, 52 Stat. 72; Aug. 25, 1949, ch. 512, §§ 4, 6, 63 Stat. 665; Pub. L. 95–47, June 16, 1977, 91 Stat. 228; Pub. L. 95–181, § 1, Nov. 15, 1977, 91 Stat. 1373; Pub. L. 96–365, title I, § 101, Sept. 26, 1980, 94 Stat. 1312; Pub. L. 103–354, title I, § 102(b)(2), (4)(C), Oct. 13, 1994, 108 Stat. 3180, 3181.)
Connections22 cite this · traces to 4
Cited by 22 sections · top 20
U.S. Code
statutes-at-large
- Public Law 95–355Making supplemental appropriations for the fiscal year ending September 30, 1978, and for other purposes
- Public Law 95–47To amend the Federal Crop Insurance Act
- Public Law 92–69
- Public Law 95–240Making supplemental appropriations for the fiscal year ending September 30, 1978, and for other purposes
- Public Law 814
- Public Law 91–126
- Public Law 95–181To amend the Federal Crop Insurance Act, and for other purposes
- Public Law 99–88Making supplemental appropriations for the fiscal year ending September 30, 1985, and for other purposes
- Public Law 94–473
- Public Law 97–370Making appropriations for Agriculture, Rural Development, and Related Agencies programs for the fiscal year ending September 30, 1983, and for other purposes
- Public Law 95–26Making supplemental appropriations for the fiscal year ending September 30, 1977, and for other purposes
- Public Law 97–103Making appropriations for Agriculture, Rural Development, and Related Agencies programs for the fiscal year ending September 30, 1982, and for other purposes
- Public Law 98–396Making supplemental appropriations for the fiscal year ending September 30, 1984, and for other purposes
- Public Law 96–365To improve and expand the Federal crop insurance program, and for other purposes
statute-compilations
26 references not yet in our index
- Feb. 16, 1938, ch. 30
- 52 Stat. 72
- Aug. 25, 1949, ch. 512
- 63 Stat. 665
- Pub. L. 95–47
- 91 Stat. 228
- Pub. L. 95–181, § 1
- 91 Stat. 1373
- Pub. L. 96–365, title I, § 101
- 94 Stat. 1312
- Pub. L. 103–354, title I, § 102(b)(2)
- 108 Stat. 3180
- Pub. L. 103–354, § 102(b)(2)(A)
- Pub. L. 103–354, § 102(b)(2)(B)
- Pub. L. 96–365, § 101(a)
- Pub. L. 96–365, § 101(b)
- Pub. L. 95–181
- Pub. L. 103–354
- section 120 of Pub. L. 103–354
- Pub. L. 96–365, title I, § 112
- 94 Stat. 1319
- Pub. L. 96–365, title I, § 101(a)
- Act Aug. 25, 1949, ch. 512, § 5
- Act Aug. 25, 1949, ch. 512, § 11
- 63 Stat. 666
- 60 Stat. 1100
Citation graph
cites case law
§ 1504
Capital stock of Corporation
Stat.×15
U.S.C.×6
Stat. Comp.×1
ActFeb. 16, 1938, ch. 30
Stat.52 Stat. 72
ActAug. 25, 1949, ch. 512
Stat.63 Stat. 665
Pub. L.Pub. L. 95–47
Cites 30 · showing 9Cited by 22 across 3 sources