10 U.S.C. § 8253 — Loans: Supply Corps officers

submitted 70 years ago by ch. 1041 to r/title-10-ARMED-FORCES · 47 words · no verdicts yet

in plain englishAI-generated · not legal advice

A Supply Corps officer on active duty usually cannot lend money to another active-duty naval officer. This includes public or private money. The officer also cannot lend goods or give credit, unless another law allows it.

This law limits what Supply Corps officers can do with money and goods. Unless some other law says otherwise, an active-duty Supply Corps officer may not lend or advance any sum of money — public or private — to another active-duty officer in the naval service. The officer also may not lend any article or commodity to that officer, or extend credit to them.

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

Except as otherwise provided by law, an officer in the Supply Corps on active duty may not advance or lend any sum of money, public or private, or any article or commodity and may not extend credit to any officer of the naval service on active duty.

Source credit: (Aug. 10, 1956, ch. 1041, 70A Stat. 381, § 6113; renumbered § 8253, Pub. L. 115–232, div. A, title VIII, § 807(b)(9), Aug. 13, 2018, 132 Stat. 1835.)

history & why it existsrecord from the source credit

1956Enacted · Act of Aug. 10, 1956, ch. 1041
2018Amended · Pub. L. 115-232 · 132 Stat. 1835

A history note hasn’t been published yet. The record shows enactment by ch. 1041 on 1956-08-10.

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