12 U.S.C. § 2291 — Preparation of obligations
submitted 53 years ago by Pub. L. 93-224 to r/title-12-BANKS-AND-BANKING · 92 words · no verdicts yet
This section addresses preparation of obligations. It sets out the specific duties, powers, limits, definitions, or other rules stated in its provisions.
In order to furnish obligations for delivery by the Bank*, the Secretary of the Treasury may prepare such obligations in such form as the Bank may approve, such obligations when prepared to be held in the Treasury under delivery upon order by the Bank. The engraved plates, dies, bed pieces, and other material executed in connection therewith, must remain in the custody of the Secretary of the Treasury. The Bank must reimburse the Secretary of the Treasury for any expenditures made in preparation, custody, and delivery of such obligations.
In order to furnish obligations for delivery by the Bank*, the Secretary of the Treasury is authorized to prepare such obligations in such form as the Bank may approve, such obligations when prepared to be held in the Treasury subject to delivery upon order by the Bank. The engraved plates, dies, bed pieces, and other material executed in connection therewith, shall remain in the custody of the Secretary of the Treasury. The Bank shall reimburse the Secretary of the Treasury for any expenditures made in preparation, custody, and delivery of such obligations.
Source credit: (Pub. L. 93–224, § 12, Dec. 29, 1973, 87 Stat. 941.)
- 1973Enacted · Pub. L. 93-224 · 87 Stat. 941
A history note hasn’t been published yet. The record shows enactment by Pub. L. 93-224 on 1973-12-29.
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