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15 U.S.C. § 714d — Laws applicable to Corporation
Federal law — U.S. Code and appendices · legal_authorities
The Federal statutes applicable to Commodity Credit Corporation, a Delaware corporation, shall be applicable to the Corporation. Commodity Credit Corporation, a Delaware corporation, shall cease to be an agency of the United States as provided in [section 713(a) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section713/a&num=0&edition=prelim).
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Source file: Laws/federal/codes/united-states-code/title-15/section-714d-laws-applicable-to-corporation--94619e2a81.md
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Source location: Title 15, Chapter 15, § 714d; chapter-015-economic-recovery.md
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The Federal statutes applicable to Commodity Credit Corporation, a Delaware corporation, shall be applicable to the Corporation. Commodity Credit Corporation, a Delaware corporation, shall cease to be an agency of the United States as provided in [section 713(a) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section713/a&num=0&edition=prelim).
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** Notwithstanding any other provision of law, none of the establishments or agencies named in subsection (b) of this section shall, after June 30, 1937, incur any obligations for administrative expenses, except pursuant to an annual appropriation specifically therefor, nor shall any such establishment or agency continue to function after said date unless established by or pursuant to law: Provided, That nothing contained in this section shall be construed to extend the period during which any such establishment or agency heretofore has been authorized by law to function.
**(b)** [1., 2. Repealed] 3. Federal Housing Administration; 4. Federal Surplus Commodities Corporation; 5. Export-Import Bank of the United States; 6. Second Export-Import Bank of Washington, District of Columbia; 7. Reconstruction Finance Corporation; 8. Electric Home and Farm Authority; 9. Commodity Credit Corporation; 10. Federal Emergency Administration of Public Works; [11. Repealed] 12. Reconstruction Finance Mortgage Company.
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Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
#### Codification
Section, acts Jan. 31, 1935, ch. 2, § 7, 49 Stat. 4; Jan. 26, 1937, ch. 6, § 2(a), 50 Stat. 5; Mar. 4, 1939, ch. 5, § 1(a), 53 Stat. 510; Dec. 23, 1943, ch. 383, 57 Stat. 643, was omitted as terminated by its own terms on June 30, 1948. It related to the Commodity Credit Corporation, which was recreated as a Federal corporation by [section 714 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section714&num=0&edition=prelim).
Subsec. (a), continuing the Commodity Credit Corporation, a Delaware corporation, until the close of business on June 30, 1948, authorizing the Corporation to use all its assets (including capital and net earnings therefrom and all moneys allocated to or borrowed by it) in the exercise of its functions as a United States agency, including the making of loans on agricultural commodities, and requiring the Corporation to maintain complete and accurate books of account and to determine the procedures to be followed in the transaction of corporate business, was superseded by sections 714, 714b(a), (d), (l), and 714f of this title.
Initial proviso clause of subsec. (b), “That the Corporation shall continue to have the authority to make final and conclusive settlement and adjustment of any claims by or against the Corporation or the accounts of its fiscal officers” was superseded by [section 714b(k) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section714b/k&num=0&edition=prelim).
Remainder of section, relating to audit of financial transactions of the Corporation, was superseded by sections 841 to 870 of former Title 31 [see chapter 91 of Title 31, Money and Finance]. See, particularly, sections 846, 850 and 851 of former title 31 [[31 U.S.C
Source: Supplied U.S. Code snapshot — release unconfirmed · 15 U.S.C. § 713
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Federal law — U.S. Code and appendices · legal_authorities
Page 1177
TITLE 15—COMMERCE AND TRADE
§ 714e
(June 29, 1948, ch. 704, § 5, 62 Stat. 1072; Pub. L.
98–623, title IV, § 405(a), Nov. 8, 1984, 98 Stat. 3409;
Pub. L. 104–127, title III, § 381(a), Apr. 4, 1996, 110
Stat. 1016; Pub. L. 107–171, title I, § 1609, May 13,
2002, 116 Stat. 218; Pub. L. 108–357, title VI,
§ 612(d), Oct. 22, 2004, 118 Stat. 1524.)
Editorial Notes
CODIFICATION
‘‘Chapter 91 of title 31’’ substituted in provision pre-
ceding subsec. (a) for ‘‘the Government Corporation
Control Act (31 U.S.C., 1940 edition, Supp. V, 841)’’ on
authority of Pub. L. 97–258, § 4(b), Sept. 13, 1982, 96 Stat.
1067, the first section of which enacted Title 31, Money
and Finance.
AMENDMENTS
2004—Pub. L. 108–357 inserted ‘‘(other than tobacco)’’
after ‘‘agricultural commodities’’ wherever appearing.
2002—Pub. L. 107–171 inserted ‘‘(including, at the op-
tion of the Corporation, the use of private sector enti-
ties)’’ before period at end of last sentence.
1996—Subsecs. (g), (h). Pub. L. 104–127 added subsec.
(g) and redesignated former subsec. (g) as (h).
1984—Subsec. (f). Pub. L. 98–623 inserted ‘‘(including
fish and fish products, without regard to whether such
fish are harvested in aquacultural operations)’’.
Statutory Notes and Related Subsidiaries
EFFECTIVE DATE OF 2004 AMENDMENT
Amendment by Pub. L. 108–357 applicable to the 2005
and subsequent crops of tobacco, see section 643 of Pub.
L. 108–357, set out as an Effective Date note under sec-
tion 518 of Title 7, Agriculture.
EFFECTIVE DATE OF 1996 AMENDMENT
Pub. L. 104–127, title III, § 381(b), Apr. 4, 1996, 110 Stat.
1016, provided that: ‘‘The amendments made by sub-
section (a) [amending this section] shall become effec-
tive on January 1, 1997.’’
EFFECTIVE DATE OF 1984 AMENDMENT
Pub. L. 98–
Source: Supplied 2024 U.S. Code historical extraction · 15 U.S.C. § 714d
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