5 U.S.C. § 103 — Government corporation

submitted 60 years ago by Pub. L. 89-554 to r/title-5-GOVERNMENT-ORGANIZATION-AND-EMPLOYEES · 40 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section defines two related terms for this title. A "Government corporation" is any corporation owned or controlled by the U.S. government. A "Government controlled corporation" does not include one the government actually owns.

(1) "Government corporation" means a corporation owned or controlled by the U.S. government. (2) "Government controlled corporation" does not include a corporation that the U.S. government owns outright.

the actual law source: uscode.house.gov ↗public domain

For the purpose of this title—

(1)

“Government corporation” means a corporation owned or controlled by the Government of the United States; and

(2)

“Government controlled corporation” does not include a corporation owned by the Government of the United States.

Source credit: (Pub. L. 89–554, Sept. 6, 1966, 80 Stat. 378.)

history & why it existsrecord from the source credit

1966Enacted · Pub. L. 89-554 · 80 Stat. 378

A history note hasn’t been published yet. The record shows enactment by Pub. L. 89-554 on 1966-09-06.

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