Ingested titles 12–51 and 54 from OLRC USLM XML @119-100 (the whole Code now, uniform edition; Title 53 is reserved/empty). LegalText 11,221 -> 59,740; repo total 105,704 records. Deterministic (byte-identical rerun, verified on Title 42's 8,356 sections); make check green. make legal-us-code default now covers every title. Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
1.9 KiB
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| LegalText | 15 U.S.C. § 503 | Purpose of Foundation | us | united_states_code | code_section | 15 | COMMERCE AND TRADE | 13 | TEXTILE FOUNDATION | 503 | 15 U.S.C. § 503 | current | 119-100 | 2026-06-26 | official | https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc15@119-100.zip | /us/usc/t15/s503 | data/legal/raw/us/code/title-15/usc15.xml | dd8da0576ddb55b58f5fc56e82e059524bc9a3022816c34ff26b3249ba00f7f5 | 6982338d990ef19d6b52bff6825089bdd6d0ee1233d9382673faf533decd5059 | bf509921495353e76f5f29ea446cb4709b7de19f18170eec714a858092103286 | 2026-07-04 | official |
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15 U.S.C. § 503 - Purpose of Foundation
Text
(a) Scientific and economic research The purposes of the corporation shall be to administer and expend its funds and other property for scientific and economic research for the benefit and development of the textile industry, its allied branches, and including that of production of raw materials.
(b) Payment by Textile Alliance, Incorporated The Textile Alliance, Incorporated, is authorized to pay to the corporation the amounts payable in accordance with the arrangement between the Textile Alliance, Incorporated, and the Department of State, in lieu of paying such amounts into the United States Treasury; except that any amounts payable in accordance with such arrangement, and paid into the United States Treasury before June 10, 1930, are authorized to be appropriated to the credit of the corporation. Upon the receipt by the corporation of such amounts the liability of the Textile Alliance, Incorporated, under such arrangement shall be extinguished.
(June 10, 1930, ch. 440, § 3, 46 Stat. 539.)