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12 U.S.C. § 635n — Prohibition of loans, guarantees, and insurance as to sales of defense articles or services
submitted 58 years ago by Pub. L. 90-390 to r/title-12-BANKS-AND-BANKING · 23 words · no verdicts yet
in plain englishAI-generated · not legal advice
This section bars the Bank from using this subchapter to support sales of defense articles or defense services.
The Bank may not make a loan, guarantee, or insurance arrangement under this subchapter in connection with the sale of defense articles or defense services.
the actual law source: uscode.house.gov ↗public domain
The Bank shall not extend loans, guarantees, or insurance under this subchapter in connection with the sale of defense articles or defense services.
Source credit: (Pub. L. 90–390, § 5, July 7, 1968, 82 Stat. 297.)
history & why it existsrecord from the source credit
- 1968Enacted · Pub. L. 90-390 · 82 Stat. 297
A history note hasn’t been published yet. The record shows enactment by Pub. L. 90-390 on 1968-07-07.
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