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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 15 U.S.C. § 714e Capital stock; amount; interest us united_states_code code_section 15 COMMERCE AND TRADE 15 ECONOMIC RECOVERY 714e 15 U.S.C. § 714e 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/s714e data/legal/raw/us/code/title-15/usc15.xml 9a1b91a3c6a4d0e13f94c7304b73ba287255babd6b9e008e00691514ee846c0c 6982338d990ef19d6b52bff6825089bdd6d0ee1233d9382673faf533decd5059 d521bea5935112771d6238312d169e6bed2b6b84bbe44e3718aaf1720dcc0a84 2026-07-04 official
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15 U.S.C. § 714e - Capital stock; amount; interest

Text

The Corporation shall have a capital stock of $100,000,000 which shall be subscribed by the United States. Such subscription shall be deemed to be fully paid by the transfer of assets to the Corporation pursuant to section 714n of this title. The Corporation shall pay interest to the United States Treasury on the amount of its capital stock, and on the amount of the obligations of the Corporation purchased by the Secretary of the Treasury pursuant to the Act of March 8, 1938 (U.S.C., title 15, sec. 713a4), as amended, at such rates as may be determined by the Secretary of the Treasury to be appropriate in view of the terms for which such amounts are made available to the Corporation.

(June 29, 1948, ch. 704, § 7, 62 Stat. 1072.)

Notes

Editorial Notes

References in TextAct of March 8, 1938, referred to in text, is act Mar. 8, 1938, ch. 44, §§ 15, 52 Stat. 107, which was classified to sections 713a1 to 713a5 of this title. Sections 713a1 and 713a2 were repealed by Pub. L. 87155, § 1, Aug. 17, 1961, 75 Stat. 391, and section 713a3 was omitted from the Code.

Executive Documents

Exceptions From Transfer of Functions For exception of functions of corporations of Department of Agriculture from transfer of functions to Secretary of Agriculture by Reorg. Plan No. 2 of 1953, see Exceptions From Transfer of Functions note set out under section 712a of this title.