ALLcrimesfood&drugstaxestelecomcommercehealthconservationtransportationagricultureveteransbrowse all titles »
0

22 U.S.C. § 286e–1a — Increase in capital stock of Bank

submitted 81 years ago by Pub. L. 88-178 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 60 words · no verdicts yet

in plain englishAI-generated · not legal advice

This law lets the U.S. Governor of the World Bank vote for a $1 billion increase in the Bank's capital stock. That increase follows a 1962 recommendation from the Bank's Executive Directors.

The United States Governor of the Bank may vote for a $1,000,000,000 increase in the Bank's authorized capital stock, under Article II, Section 2 of the Bank's Articles of Agreement. This follows a recommendation the Bank's Executive Directors made in a report dated November 6, 1962, to the Bank's Board of Governors.
the actual law source: uscode.house.gov ↗public domain

The United States Governor of the Bank is authorized to vote for an increase of $1,000,000,000 in the authorized capital stock of the Bank under article II, section 2, of the articles of agreement of the Bank, as recommended in the report, dated November 6, 1962, to the Board of Governors of the Bank by the Bank’s Executive Directors.

Source credit: (July 31, 1945, ch. 339, § 19, as added Pub. L. 88–178, Nov. 13, 1963, 77 Stat. 334.)

history & why it existsrecord from the source credit
  • 1945Enacted · Pub. L. 88-178 · 77 Stat. 334

A history note hasn’t been published yet. The record shows enactment by Pub. L. 88-178 on 1945-07-31.

all 0 arguments · sorted by: best

0/280

no arguments yet — make the first case