12 U.S.C. § 635b — Capitalization 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
The Export-Import Bank has $1,000,000,000 in capital stock subscribed by the United States. The Bank must issue stock certificates to the President or the person the President designates, reflecting the payments made for that stock.
The Export-Import Bank of the United States must have $1,000,000,000 of capital stock subscribed by the United States. The Bank must issue certificates showing United States ownership to the President of the United States, or to another person* or people the President designates from time to time, for the amount paid toward the Bank's capital stock.
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.)
- 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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