2016 US Code
Title 15 - Commerce and Trade
Chapter 15 - Economic Recovery
Subchapter II - Commodity Credit Corporation
Sec. 714e - Capital stock; amount; interest
| 15 U.S.C. § 714e (2016) |
| §714e. Capital stock; amount; interest |
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The Corporation shall have a capital stock of $100,000,000 which shall be subscribed by the United States. Such subscription shall be deemed to be fully paid by the transfer of assets to the Corporation pursuant to section 714n of this title. The Corporation shall pay interest to the United States Treasury on the amount of its capital stock, and on the amount of the obligations of the Corporation purchased by the Secretary of the Treasury pursuant to the Act of March 8, 1938 (U.S.C., title 15, sec. 713a–4), as amended, at such rates as may be determined by the Secretary of the Treasury to be appropriate in view of the terms for which such amounts are made available to the Corporation. |
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(June 29, 1948, ch. 704, §7, 62 Stat. 1072.) |
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REFERENCES IN TEXT
Act of March 8, 1938, referred to in text, is act Mar. 8, 1938, ch. 44, §§1–5, 52 Stat. 107, which was classified to sections 713a–1 to 713a–5 of this title. Sections 713a–1 and 713a–2 were repealed by Pub. L. 87–155, §1, Aug. 17, 1961, 75 Stat. 391, and section 713a–3 was omitted from the Code. EXCEPTIONS FROM TRANSFER OF FUNCTIONSFor exception of functions of corporations of Department of Agriculture from transfer of functions to Secretary of Agriculture by Reorg. Plan No. 2 of 1953, see Exceptions From Transfer of Functions note set out under section 712a of this title. |
| United States Code, 2012 Edition, Supplement 4, Title 15 - COMMERCE AND TRADE |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 15 - COMMERCE AND TRADE CHAPTER 15 - ECONOMIC RECOVERY SUBCHAPTER II - COMMODITY CREDIT CORPORATION Sec. 714e - Capital stock; amount; interest |
| section 714e |
| 2016 |
| January 6, 2017 |
| No |
| standard |
| 52 Stat. 107 62 Stat. 1072 75 Stat. 391 |
| Public Law 87-155 |
