42 U.S.C. § 2297h–2 — Method of sale

(a) Authorization The Board of Directors of the Corporation^*, with the approval of the Secretary^* of the Treasury, must transfer ownership of the assets and obligations of the Corporation to the private corporation^* established under section 2297h–3 of this title (which may be consummated through a merger or consolidation effected under, and having the effects provided under, the law of the State^* of incorporation of the private corporation, as if the Corporation were incorporated thereunder).
(b) Board determination The Board, with the approval of the Secretary of the Treasury, must select the method of transfer and establish terms and conditions for the transfer that will provide the maximum proceeds to the Treasury of the United States and will provide for the long-term viability of the private corporation, the continued operation of the gaseous diffusion plants^*, and the public interest in maintaining reliable and economical domestic uranium mining and enrichment industries.
(c) Adequate proceeds The Secretary of the Treasury must not allow the privatization^* of the Corporation unless before the sale date the Secretary of the Treasury determines that the method of transfer will provide the maximum proceeds to the Treasury consistent with the principles set forth in section 2297h–1(a) of this title.
(d) Application of securities laws Any offering or sale of securities by the private corporation must be subject to the Securities Act of 1933 ( 15 U. S. C. 77a et seq.), the Securities Exchange Act of 1934 ( 15 U. S. C. 78a et seq.), and the provisions of the Constitution and laws of any State, territory, or possession of the United States relating to transactions in securities.
(e) Expenses Expenses of privatization must be paid from Corporation revenue accounts in the United States Treasury.