42 U.S.C. § 2361 — Contract to purchase by priority purchaser
submitted 71 years ago by ch. 543 to r/title-42-THE-PUBLIC-HEALTH-AND-WELFARE · 70 words · no verdicts yet
This section addresses Contract to purchase by priority purchaser. It states the rules, powers, duties, or limits that apply to that subject.
The Commission* may, in the sale of any single-family or duplex house* to a priority purchaser, enter into a contract to purchase which provides that the purchaser shall conclude his purchase within not more than three years after the date the contract is entered into. Such contracts to purchase shall provide for such periodic payments, including payments on account of principal, interest, or tax equivalents, as the Commission shall prescribe.
The Commission* may, in the sale of any single-family or duplex house* to a priority purchaser, enter into a contract to purchase which provides that the purchaser shall conclude his purchase within not more than three years after the date the contract is entered into. Such contracts to purchase shall provide for such periodic payments, including payments on account of principal, interest, or tax equivalents, as the Commission shall prescribe.
Source credit: (Aug. 4, 1955, ch. 543, ch. 6, § 61, 69 Stat. 478.)
- 1955Enacted · Act of Aug. 4, 1955, ch. 543 · 69 Stat. 478
A history note hasn’t been published yet. The record shows enactment by ch. 543 on 1955-08-04.
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