2013 US Code
Title 42 - The Public Health and Welfare
Chapter 49 - NATIONAL HOUSING PARTNERSHIPS (§§ 3931 - 3941)
Section 3932 - Creation of corporations
| Publication Title | United States Code, 2012 Edition, Supplement 1, Title 42 - THE PUBLIC HEALTH AND WELFARE |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 42 - THE PUBLIC HEALTH AND WELFARE CHAPTER 49 - NATIONAL HOUSING PARTNERSHIPS Sec. 3932 - Creation of corporations |
| Contains | section 3932 |
| Date | 2013 |
| Laws in Effect as of Date | January 16, 2014 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Pub. L. 90-448, title IX, §902, Aug. 1, 1968, 82 Stat. 547. |
| Statutes at Large References | 68 Stat. 179 82 Stat. 547 |
| Public Law Reference | Public Law 90-448 |
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There is hereby authorized to be created a private corporation for profit (hereinafter in this chapter referred to as the "corporation"). The corporation will not be an agency or establishment of the United States Government. The corporation shall be subject to the provisions of this chapter and, to the extent consistent with this chapter, to the District of Columbia Business Corporation Act.
(b) Creation of additional corporationsWhenever the President finds it in the national interest to do so, he may cause the creation of an additional corporation or additional corporations to carry out the purposes of this chapter. All the provisions of this chapter shall thereupon become applicable to each such corporation, and to the limited partnership formed by it pursuant to section 3937 of this title.
(c) Creation of corporations and organization of other partnerships, joint ventures, or associations by private personsNothing in this chapter shall be construed to preclude private persons from creating other corporations and organizing other partnerships, joint ventures, or associations for the purposes set forth in this chapter as the purposes of the corporation and the partnership described in section 3937 of this title.
(Pub. L. 90–448, title IX, §902, Aug. 1, 1968, 82 Stat. 547.)
REFERENCES IN TEXTThe District of Columbia Business Corporation Act, referred to in subsec. (a), is act June 8, 1954, ch. 269, 68 Stat. 179, as amended, which is not classified to the Code.
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