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12 U.S.C. § 635bCapitalization of Bank; method of capital stock payments; public-debt transactions; issuance of stock certificates

submitted 81 years ago by ch. 341 to r/title-12-BANKS-AND-BANKING · 69 words · no verdicts yet

in plain englishAI-generated · not legal advice

A translation hasn’t been published for this section yet. The official text below is complete and authoritative.

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

The Export-Import Bank of the United States shall have a capital stock of $1,000,000,000 subscribed by the United States. Certificates evidencing stock ownership of the United States shall be issued by the Bank to the President of the United States, or to such other person or persons as the President may designate from time to time, to the extent of payments made for the capital stock of the Bank.

Source credit: (July 31, 1945, ch. 341, § 4, 59 Stat. 528; Pub. L. 90–267, § 1(a), Mar. 13, 1968, 82 Stat. 47; Pub. L. 98–181, title I [title VI, § 620(c)], Nov. 30, 1983, 97 Stat. 1261; Pub. L. 102–429, title I, § 121(b), Oct. 21, 1992, 106 Stat. 2198.)

history & why it existsrecord from the source credit
  • 1945Enacted · Act of July 31, 1945, ch. 341 · 59 Stat. 528
  • 1968Amended · Pub. L. 90-267 · 82 Stat. 47
  • 1983Amended · Pub. L. 98-181 · 97 Stat. 1261
  • 1992Amended · Pub. L. 102-429 · 106 Stat. 2198

A history note hasn’t been published yet. The record shows enactment by ch. 341 on 1945-07-31.

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