2017 US Code
Title 12 - Banks and Banking
Chapter 6 - Foreign Banking
Subchapter II - Organization of Corporations to Do Foreign Banking
Sec. 631 - False representations as to liability of United States for acts of corporation; punishment

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Citation 12 U.S.C. § 631 (2017)
Section Name §631. False representations as to liability of United States for acts of corporation; punishment
Section Text

Whoever being connected in any capacity with any corporation organized under this subchapter, represents in any way that the United States is liable for the payment of any bond or other obligation, or the interest thereon, issued or incurred by any corporation organized under this subchapter, or that the United States incurs any liability in respect of any act or omission of the corporation, shall be punished by a fine or 1 not more than $10,000 and by imprisonment for not more than five years.

Source Credit

(Dec. 23, 1913, ch. 6, §25A (par.), formerly §25(a), as added Dec. 24, 1919, ch. 18, 41 Stat. 378; renumbered §25A, Pub. L. 102–242, title I, §142(e)(2), Dec. 19, 1991, 105 Stat. 2281.)

Editorial Notes REFERENCES IN TEXT

This subchapter, referred to in text, was in the original "this section", meaning section 25A of act Dec. 23, 1913, which is classified to this subchapter (§611 et seq.).

Organized under this subchapter, referred to the second time in text, was in the original "organized hereunder", meaning under section 25A of act Dec. 23, 1913.

CODIFICATION

Section is comprised of par. 23 (undesignated) of section 25A of act Dec. 23, 1913, which comprises this subchapter. For complete classification of section 25A of this Act, see Codification note set out under section 611 of this title.

Footnotes

1 So in original. Probably should be "of".

Publication Title United States Code, 2012 Edition, Supplement 5, Title 12 - BANKS AND BANKING
Category Bills and Statutes
Collection United States Code
SuDoc Class Number Y 1.2/5:
Contained Within Title 12 - BANKS AND BANKING
CHAPTER 6 - FOREIGN BANKING
SUBCHAPTER II - ORGANIZATION OF CORPORATIONS TO DO FOREIGN BANKING
Sec. 631 - False representations as to liability of United States for acts of corporation; punishment
Contains section 631
Date 2017
Laws In Effect As Of Date January 12, 2018
Positive Law No
Disposition standard
Statutes at Large References 41 Stat. 378
105 Stat. 2281
Public Law References Public Law 102-242
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