2016 US Code
Title 31 - Money and Finance
Subtitle IV - Money
Chapter 51 - Coins and Currency
Subchapter I - Monetary System
Sec. 5103 - Legal tender
| 31 U.S.C. § 5103 (2016) | |||||||||
| §5103. Legal tender | |||||||||
|
United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) are legal tender for all debts, public charges, taxes, and dues. Foreign gold or silver coins are not legal tender for debts. |
|||||||||
|
(Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 980; Pub. L. 97–452, §1(19), Jan. 12, 1983, 96 Stat. 2477.) |
|||||||||
The words "All . . . regardless of when coined or issued" are omitted as unnecessary because of the restatement. The word "debts" is substituted for "debts, public and private" to eliminate unnecessary words. The words "public charges, taxes, duties, and dues" are omitted as included in "debts". 1983 ACTThis restores to 31:5103 the reference to public charges, taxes, and dues because they are not considered to be debts. See, Hagar v. Reclamation District No. 108, 111 U.S. 701, 706 (1884). AMENDMENTS1983—Pub. L. 97–452 inserted ", public charges, taxes, and dues" after "all debts". EFFECTIVE DATE OF 1983 AMENDMENTAmendment effective Sept. 13, 1982, see section 2(i) of Pub. L. 97–452, set out as a note under section 3331 of this title. |
|||||||||
| United States Code, 2012 Edition, Supplement 4, Title 31 - MONEY AND FINANCE | |||||||||
| Bills and Statutes | |||||||||
| United States Code | |||||||||
| Y 1.2/5: | |||||||||
| Title 31 - MONEY AND FINANCE SUBTITLE IV - MONEY CHAPTER 51 - COINS AND CURRENCY SUBCHAPTER I - MONETARY SYSTEM Sec. 5103 - Legal tender |
|||||||||
| section 5103 | |||||||||
| 2016 | |||||||||
| January 6, 2017 | |||||||||
| Yes | |||||||||
| standard | |||||||||
| 79 Stat. 255 96 Stat. 980, 2477 |
|||||||||
| Public Law 89-81, Public Law 97-258, Public Law 97-452 |
