2016 US Code
Title 15 - Commerce and Trade
Chapter 15 - Economic Recovery
Subchapter II - Commodity Credit Corporation
Sec. 714n - Transfer of assets of Commodity Credit Corporation, a Delaware corporation

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Citation 15 U.S.C. § 714n (2016)
Section Name §714n. Transfer of assets of Commodity Credit Corporation, a Delaware corporation
Section Text

The assets, funds, property, and records of Commodity Credit Corporation, a Delaware corporation, are transferred to the Corporation. The rights, privileges, and powers, and the duties and liabilities of Commodity Credit Corporation, a Delaware corporation, in respect to any contract, agreement, loan, account, or other obligation shall become the rights, privileges, and powers, and the duties and liabilities, respectively, of the Corporation. The enforceable claims of or against Commodity Credit Corporation, a Delaware corporation, shall become the claims of or against, and may be enforced by or against, the Corporation: Provided, That nothing in this subchapter shall limit or extend any period of limitation otherwise applicable to such claims against the Corporation.

Source Credit

(June 29, 1948, ch. 704, §16, 62 Stat. 1075.)

Editorial Notes EXCEPTIONS FROM TRANSFER OF FUNCTIONS

For 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.

Publication Title United States Code, 2012 Edition, Supplement 4, Title 15 - COMMERCE AND TRADE
Category Bills and Statutes
Collection United States Code
SuDoc Class Number Y 1.2/5:
Contained Within Title 15 - COMMERCE AND TRADE
CHAPTER 15 - ECONOMIC RECOVERY
SUBCHAPTER II - COMMODITY CREDIT CORPORATION
Sec. 714n - Transfer of assets of Commodity Credit Corporation, a Delaware corporation
Contains section 714n
Date 2016
Laws In Effect As Of Date January 6, 2017
Positive Law No
Disposition standard
Statutes at Large Reference 62 Stat. 1075
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