2014 US Code
Title 7 - Agriculture (Sections 1 - 9097)
Chapter 31 - Rural Electrification and Telephone Service (Sections 901 - 950bb-2)
Subchapter IV - Rural Telephone Bank (Sections 941 - 950b)
Sec. 950a - Liquidation or dissolution of telephone bank
| Publication Title | United States Code, 2012 Edition, Supplement 2, Title 7 - AGRICULTURE |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 7 - AGRICULTURE CHAPTER 31 - RURAL ELECTRIFICATION AND TELEPHONE SERVICE SUBCHAPTER IV - RURAL TELEPHONE BANK Sec. 950a - Liquidation or dissolution of telephone bank |
| Contains | section 950a |
| Date | 2014 |
| Laws In Effect As Of Date | January 5, 2015 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | May 20, 1936, ch. 432, title IV, §411, as added Pub. L. 92-12, §2, May 7, 1971, 85 Stat. 37. |
| Statutes at Large Reference | 85 Stat. 37 |
| Public and Private Law | Public Law 92-12 |
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In the case of liquidation or dissolution of the telephone bank, after the payment or retirement, as the case may be, first, of all liabilities; second, of all class A stock at par; third, of all class B stock at par; fourth, of all class C stock at par; then any surpluses and contingency reserves existing on the effective date of liquidation or dissolution of the telephone bank shall be paid to the holders of class A and class B stock issued and outstanding before the effective date of such liquidation or dissolution, pro rata.
(May 20, 1936, ch. 432, title IV, §411, as added Pub. L. 92–12, §2, May 7, 1971, 85 Stat. 37.)
EFFECTIVE DATESection effective May 7, 1971, see section 7 of Pub. L. 92–12, set out as a note under section 921a of this title.
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