22 U.S.C. § 3781 — Assets and liabilities of Panama Canal Company
submitted 47 years ago by Pub. L. 96-70 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 67 words · no verdicts yet
On October 1, 1979, Panama Canal Company property and assets revert to the United States, which assumes outstanding liabilities unless another law provides otherwise. The Commission may use needed company property, facilities, and records.
All property and other assets of the Panama Canal Company must revert to the United States on October 1, 1979 , and, except as otherwise provided by law, the United States must assume the liabilities, including contractual obligations, of the Panama Canal Company then outstanding. The Commission may use such property, facilities, and records of the Panama Canal Company as are necessary to carry out its functions.
All property and other assets of the Panama Canal Company shall revert to the United States on October 1, 1979, and, except as otherwise provided by law, the United States shall assume the liabilities, including contractual obligations, of the Panama Canal Company then outstanding. The Commission may use such property, facilities, and records of the Panama Canal Company as are necessary to carry out its functions.
Source credit: (Pub. L. 96–70, title I, § 1501, Sept. 27, 1979, 93 Stat. 487.)
- 1979Enacted · Pub. L. 96-70 · 93 Stat. 487
A history note hasn’t been published yet. The record shows enactment by Pub. L. 96-70 on 1979-09-27.
all 0 arguments · sorted by: best
no arguments yet — make the first case