31 U.S.C. § 3127 — Credit to officers, employees, and agents for stolen Treasury notes
submitted 44 years ago by Pub. L. 97-258 to r/title-31-MONEY-AND-FINANCE · 104 words · no verdicts yet
The Secretary of the Treasury may give credit for a stolen Treasury note to an authorized government officer, employee, or agent who receives or pays it. The Secretary must be satisfied that the person acted in good faith and with ordinary prudence.
If an authorized government officer, employee, or agent receives, redeems, or cancels Treasury notes, and receives or pays a note that was stolen and put into circulation after an authorized officer, employee, or agent had received or redeemed it, the Secretary of the Treasury may allow the person who received or paid the stolen note a credit for the note's amount. The Secretary may do this only if satisfied that the note was received or paid in good faith and while using ordinary prudence.
When an officer, employee, or agent of the United States Government authorized to receive, redeem, or cancel Treasury notes receives or pays a note that was stolen and put in circulation after it had been received or redeemed by an officer, employee, or agent authorized to receive or redeem the note, the Secretary of the Treasury may allow the officer, employee, or agent receiving or paying the stolen note a credit for the amount of the note. The Secretary may allow the credit only if the Secretary is satisfied that the note was received or paid in good faith and in exercising ordinary prudence.
Source credit: (Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 947.)
- 1982Enacted · Pub. L. 97-258 · 96 Stat. 947
A history note hasn’t been published yet. The record shows enactment by Pub. L. 97-258 on 1982-09-13.
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