15 U.S.C. § 77ii — Subscriptions accepted by Corporation as loans; repayment

FEDERAL · 15 U.S.C. · Chapter 2A

Subscriptions accepted by Corporation as loans; repayment

Current through Pub. L. 119-102

Title 15 — Commerce and Trade·Ch. 2A — SECURITIES AND TRUST INDENTURES·Subch. II

The Corporation may receive subscriptions from any person, foundation with a public purpose, or agency of the United States Government, and such subscriptions may, in the discretion of the board of directors, be treated as loans repayable when and as the board of directors shall determine.

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History

(May 27, 1933, ch. 38, title II, §208, 48 Stat. 95.)