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12 U.S.C. § 1795b — National Credit Union Administration Central Liquidity Facility; establishment; management; jurisdiction

submitted 92 years ago by Pub. L. 95-630 to r/title-12-BANKS-AND-BANKING · 66 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section addresses National Credit Union Administration Central Liquidity Facility; establishment; management; jurisdiction. It states the definitions, requirements, powers, limits, exceptions, or other rules set out in the section.

There is created the National Credit Union Administration Central Liquidity Facility. The Central Liquidity Facility, an instrumentality of the United States, must exist within the National Credit Union Administration and be managed by the Board. The United States district court must have original jurisdiction over any case to which the Board on behalf of the Facility is a party, without regard to the amount in controversy.
the actual law source: uscode.house.gov ↗public domain

There is created the National Credit Union Administration Central Liquidity Facility. The Central Liquidity Facility, an instrumentality of the United States, shall exist within the National Credit Union Administration and be managed by the Board. The United States district court shall have original jurisdiction over any case to which the Board on behalf of the Facility is a party, without regard to the amount in controversy.

Source credit: (June 26, 1934, ch. 750, title III, formerly subch. III, § 303, as added and amended Pub. L. 95–630, title V, § 502(b), title XVIII, § 1802, Nov. 10, 1978, 92 Stat. 3681, 3720; Pub. L. 96–221, title III, § 309(a)(4), (b)(1), Mar. 31, 1980, 94 Stat. 149; Pub. L. 98–369, div. B, title VIII, § 2813(a)(1), July 18, 1984, 98 Stat. 1206.)

history & why it existsrecord from the source credit
  • 1934Enacted · Pub. L. 95-630 · 92 Stat. 3681, 3720
  • 1980Amended · Pub. L. 96-221 · 94 Stat. 149
  • 1984Amended · Pub. L. 98-369 · 98 Stat. 1206

A history note hasn’t been published yet. The record shows enactment by Pub. L. 95-630 on 1934-06-26.

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