FEDERAL · 22 U.S.C. · Chapter SUBCHAPTER XI—INTERNATIONAL FINANCE CORPORATION
Capital increases and amendment to the Articles of Agreement
22 U.S.C. § 282p
Title22 — Foreign Relations and Intercourse
ChapterSUBCHAPTER XI—INTERNATIONAL FINANCE CORPORATION
This text of 22 U.S.C. § 282p (Capital increases and amendment to the Articles of Agreement) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
22 U.S.C. § 282p.
Text
(a)Votes authorized
The United States Governor of the Corporation is authorized to vote in favor of—
(1)a resolution to increase the authorized capital stock of the Corporation by 16,999,998 shares, to implement the conversion of a portion of the retained earnings of the Corporation into paid-in capital, which will result in the United States being issued an additional 3,771,899 shares of capital stock, without any cash contribution;
(2)a resolution to increase the authorized capital stock of the Corporation on a general basis by 4,579,995 shares; and
(3)a resolution to increase the authorized capital stock of the Corporation on a selective basis by 919,998 shares.
(b)Amendment of the Articles of Agreement
The United States Governor of the Corporation is authorized to agree to and acc
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§ 2
22 U.S.C. § 2
Source Credit
History
(Aug. 11, 1955, ch. 788, §18, as added Pub. L. 116–136, div. B, title XI, §21012(b)(2), Mar. 27, 2020, 134 Stat. 594.)
Editorial Notes
Statutory Notes and Related Subsidiaries
Purposes; Effective Date
Pub. L. 116–136, div. B, title XI, §21012(a), Mar. 27, 2020, 134 Stat. 593, provided that: "For purposes of strengthening the ability of foreign countries to prevent, prepare for, and respond to coronavirus and to the adverse economic impacts of coronavirus, in a manner that would protect the United States from the spread of coronavirus and mitigate an international economic crisis resulting from coronavirus that may pose a significant risk to the economy of the United States, each paragraph of subsection (b) [enacting this section and sections 284cc, 290g–25, and 290i–12 of this title and amending section 286e–2 of this title] shall take effect upon enactment of this Act [Mar. 27, 2020]."
[For definition of "coronavirus" as used in section 21012(a) of Pub. L. 116–136, set out above, see section 23005 of Pub. L. 116–136, set out as a note under section 162b of Title 2, The Congress.]
Purposes; Effective Date
Pub. L. 116–136, div. B, title XI, §21012(a), Mar. 27, 2020, 134 Stat. 593, provided that: "For purposes of strengthening the ability of foreign countries to prevent, prepare for, and respond to coronavirus and to the adverse economic impacts of coronavirus, in a manner that would protect the United States from the spread of coronavirus and mitigate an international economic crisis resulting from coronavirus that may pose a significant risk to the economy of the United States, each paragraph of subsection (b) [enacting this section and sections 284cc, 290g–25, and 290i–12 of this title and amending section 286e–2 of this title] shall take effect upon enactment of this Act [Mar. 27, 2020]."
[For definition of "coronavirus" as used in section 21012(a) of Pub. L. 116–136, set out above, see section 23005 of Pub. L. 116–136, set out as a note under section 162b of Title 2, The Congress.]
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22 U.S.C. § 282p, Counsel Stack Legal Research, https://law.counselstack.com/usc/22/282p.