44 U.S.C. § 2306 — Investment of funds

FEDERAL · 44 U.S.C. · Chapter 23

Investment of funds

44 U.S.C. § 2306

Chapter23 — NATIONAL ARCHIVES TRUST FUND BOARD

Current throughPub. L. 119-99

This text of 44 U.S.C. § 2306 (Investment of funds) 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

44 U.S.C. § 2306.

Text

The Secretary of the Treasury shall receipt for moneys or securities composing trust funds given or bequeathed to the Board and shall invest, reinvest, and retain the moneys or securities as the Board from time to time determines. The Board may not engage in business or exercise a voting privilege which may be incidental to securities in such trust funds, nor may the Secretary of the Treasury make investments for the account of the Board which could not lawfully be made by a trust company in the District of Columbia, unless directly authorized by the instrument of gift or bequest under which the funds to be invested are derived, and may retain investments accepted by the Board.

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The Secretary of the Treasury shall receipt for moneys or securities composing trust funds given or bequeathed to the Board and shall invest, reinvest, and retain the moneys or securities as the Board from time to time determines. The Board may not engage in business or exercise a voting privilege which may be incidental to securities in such trust funds, nor may the Secretary of the Treasury make investments for the account of the Board which could not lawfully be made by a trust company in the District of Columbia, unless directly authorized by the instrument of gift or bequest under which the funds to be invested are derived, and may retain investments accepted by the Board.

Source Credit

History

(Pub. L. 90–620, Oct. 22, 1968, 82 Stat. 1292.)

Editorial Notes

Historical and Revision Notes
Based on 44 U.S. Code, 1964 ed., §300dd (July 9, 1941, ch. 284, §4, 55 Stat. 581).

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Bluebook (online)

44 U.S.C. § 2306, Counsel Stack Legal Research, https://law.counselstack.com/usc/44/2306.