12 U.S.C. § 1723c — Obligations, participations, or other instruments as lawful investments; acceptance as security; exempt securities
submitted 92 years ago by ch. 847 to r/title-12-BANKS-AND-BANKING · 115 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
All obligations, participations, or other instruments issued by either of the bodies corporate named in section 1717(a)(2) of this title shall be lawful investments, and may be accepted as security for all fiduciary, trust, and public funds, the investment or deposit of which shall be under the authority and control of the United States or any officer or officers thereof. All stock, obligations, securities, participations, or other instruments issued pursuant to this subchapter shall, to the same extent as securities which are direct obligations of or obligations guaranteed as to principal or interest by the United States, be deemed to be exempt securities within the meaning of laws administered by the Securities and Exchange Commission.
Source credit: (June 27, 1934, ch. 847, title III, § 311, as added Aug. 2, 1954, ch. 649, title II, § 201, 68 Stat. 622; amended Pub. L. 88–560, title VII, § 701(b)(1), Sept. 2, 1964, 78 Stat. 800; Pub. L. 90–448, title VIII, § 802(ff), Aug. 1, 1968, 82 Stat. 542; Pub. L. 98–440, title II, § 213(b), Oct. 3, 1984, 98 Stat. 1698; Pub. L. 102–550, title XIII, § 1381(r), Oct. 28, 1992, 106 Stat. 4001.)
- 1934Enacted · Act of June 27, 1934, ch. 847 · 68 Stat. 622
- 1964Amended · Pub. L. 88-560 · 78 Stat. 800
- 1968Amended · Pub. L. 90-448 · 82 Stat. 542
- 1984Amended · Pub. L. 98-440 · 98 Stat. 1698
- 1992Amended · Pub. L. 102-550 · 106 Stat. 4001
A history note hasn’t been published yet. The record shows enactment by ch. 847 on 1934-06-27.
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