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43 U.S.C. § 451fExchanges subject to mortgage contracts

submitted 73 years ago by ch. 428 to r/title-43-PUBLIC-LANDS · 102 words · no verdicts yet

in plain englishAI-generated · not legal advice

If land involved in one of these trades is under a farm mortgage with the Secretary of Agriculture, the trade must follow the rules of that mortgage program.

If land traded under this subchapter is subject to a mortgage contract with the Secretary of Agriculture (under sections 1006a and 1006b of Title 7), any exchange or disposal of that land can only happen in a form, manner, and on terms that fit with the Secretary of Agriculture's authority over that mortgage and property — authority that comes from the Bankhead-Jones Farm Tenant Act (7 U.S.C. § 1000 and following), as supplemented by sections 1006a and 1006b of Title 7.
the actual law source: uscode.house.gov ↗public domain

Any exchange pursuant to this subchapter of land that is subject to a mortgage contract with the Secretary of Agriculture under sections 1006a and 1006b of title 7, and any disposition pursuant to this subchapter of property that is subject to such a mortgage contract, shall be effected only in such form and manner and upon such terms and conditions as are consistent with the authority of the Secretary of Agriculture over such mortgage contract and such property under the Bankhead-Jones Farm Tenant Act, as amended [7 U.S.C. 1000 et seq.], as supplemented by sections 1006a and 1006b of title 7.

Source credit: (Aug. 13, 1953, ch. 428, § 7, 67 Stat. 568.)

history & why it existsrecord from the source credit
  • 1953Enacted · Act of Aug. 13, 1953, ch. 428 · 67 Stat. 568

A history note hasn’t been published yet. The record shows enactment by ch. 428 on 1953-08-13.

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