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7 U.S.C. § 1504a — Capitalization of Corporation

submitted 86 years ago by ch. 437 to r/title-7-AGRICULTURE · 31 words · no verdicts yet

in plain englishAI-generated · not legal advice

Payment for the Federal Crop Insurance Corporation’s capital stock is made by transferring funds on the Treasury Department’s books. The transfer credits the Corporation.

Payment for capital stock in the Federal Crop Insurance Corporation must be made by transferring funds on the Treasury Department’s books to the Corporation’s credit.

the actual law source: uscode.house.gov ↗public domain

The payment for capital stock in the Federal Crop Insurance Corporation shall be effected by transfer of funds on the books of the Treasury Department to the credit of the Corporation.

Source credit: (June 27, 1940, ch. 437, title I, 54 Stat. 640.)

history & why it existsrecord from the source credit
  • 1940Enacted · Act of June 27, 1940, ch. 437 · 54 Stat. 640

A history note hasn’t been published yet. The record shows enactment by ch. 437 on 1940-06-27.

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