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22 U.S.C. § 1631dAcquittance and discharge of obligation

submitted 76 years ago by ch. 54 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 103 words · no verdicts yet

in plain englishAI-generated · not legal advice

A person who in good faith pays or transfers property to the President or his designee under this subchapter is fully discharged from that obligation and is not liable in court for doing so.

A payment or transfer of property made in good faith to the President or his designee under this subchapter or its implementing direction fully discharges the person making it to that extent. No person is liable in court for such a payment or transfer made in good faith in reliance on the subchapter or its implementing direction.
the actual law source: uscode.house.gov ↗public domain

Any payment, conveyance, transfer, assignment, or delivery of property made to the President or his designee pursuant to this subchapter, or any rule, regulation, instruction, or direction issued under this subchapter, shall to the extent thereof be a full acquittance and discharge for all purposes of the obligation of the person making the same; and no person shall be held liable in any court for or in respect of any such payment, conveyance, transfer, assignment, or delivery made in good faith in pursuance of and in reliance on the provisions of this subchapter, or of any rule, regulation, instruction, or direction issued thereunder.

Source credit: (Mar. 10, 1950, ch. 54, title II, § 205, as added Aug. 9, 1955, ch. 645, § 3, 69 Stat. 563.)

history & why it existsrecord from the source credit
  • 1950Enacted · Act of Mar. 10, 1950, ch. 54 · 69 Stat. 563

A history note hasn’t been published yet. The record shows enactment by ch. 54 on 1950-03-10.

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