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22 U.S.C. § 282 — Acceptance of membership by United States in International Finance Corporation

submitted 71 years ago by ch. 788 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 45 words · no verdicts yet

in plain englishAI-generated · not legal advice

The President can make the United States a member of the International Finance Corporation. This follows the Corporation's founding agreement, which is kept on file at the International Bank for Reconstruction and Development.

The President is authorized to accept membership for the United States in the International Finance Corporation, which this section calls "the Corporation." This membership is set up under the Corporation's Articles of Agreement — its founding rulebook — which is deposited in the archives of the International Bank for Reconstruction and Development. The section only grants this authority to join; it does not itself describe what membership requires or involves.
the actual law source: uscode.house.gov ↗public domain

The President is hereby authorized to accept membership for the United States in the International Finance Corporation (hereinafter referred to as the “Corporation”), provided for by the Articles of Agreement of the Corporation deposited in the archives of the International Bank for Reconstruction and Development.

Source credit: (Aug. 11, 1955, ch. 788, § 2, 69 Stat. 669.)

history & why it existsrecord from the source credit
  • 1955Enacted · Act of Aug. 11, 1955, ch. 788 · 69 Stat. 669

A history note hasn’t been published yet. The record shows enactment by ch. 788 on 1955-08-11.

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