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15 U.S.C. § 714f — Use of funds

submitted 78 years ago by ch. 704 to r/title-15-COMMERCE-AND-TRADE · 48 words · no verdicts yet

in plain englishAI-generated · not legal advice

The Corporation may use all of its funds and other assets to conduct its business.

The Corporation may use all its funds and other assets in conducting its business. This includes its capital and net earnings, and all funds and other assets transferred or allocated to it, borrowed by it, or otherwise acquired by it.
the actual law source: uscode.house.gov ↗public domain

The Corporation is authorized to use in the conduct of its business all its funds and other assets, including capital and net earnings therefrom, and all funds and other assets which have been or may hereafter be transferred or allocated to, borrowed by, or otherwise acquired by it.

Source credit: (June 29, 1948, ch. 704, § 8, 62 Stat. 1072.)

history & why it existsrecord from the source credit
  • 1948Enacted · Act of June 29, 1948, ch. 704 · 62 Stat. 1072

A history note hasn’t been published yet. The record shows enactment by ch. 704 on 1948-06-29.

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