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12 U.S.C. § 1723d — Transfer of certain functions to Association
submitted 72 years ago by ch. 649 to r/title-12-BANKS-AND-BANKING · 57 words · no verdicts yet
in plain englishAI-generated · not legal advice
This section transfers certain functions to the Association.
The functions of the Housing and Home Finance Administrator (including the function of making payments to the Secretary of the Treasury) under section 2 of Reorganization Plan Numbered 22 of 1950, together with the notes and capital stock of the Federal National Mortgage Association held by that Administrator thereunder, are transferred to the Federal National Mortgage Association.
the actual law source: uscode.house.gov ↗public domain
The functions of the Housing and Home Finance Administrator (including the function of making payments to the Secretary of the Treasury) under section 2 of Reorganization Plan Numbered 22 of 1950, together with the notes and capital stock of the Federal National Mortgage Association held by said Administrator thereunder, are transferred to the Federal National Mortgage Association.
Source credit: (Aug. 2, 1954, ch. 649, title II, § 207, 68 Stat. 622.)
history & why it existsrecord from the source credit
- 1954Enacted · Act of Aug. 2, 1954, ch. 649 · 68 Stat. 622
A history note hasn’t been published yet. The record shows enactment by ch. 649 on 1954-08-02.
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