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22 U.S.C. § 1384 — Transfer of shares of corporations owning agricultural lands; consideration; indemnification

Federal law — U.S. Code and appendices · legal_authorities

22 U.S.C. § 1384 — Transfer of shares of corporations owning agricultural lands; consideration; indemnification

Immediately upon passage of this subchapter the Alien Property Custodian of the United States shall enter into an agreement with the President of the Philippines to transfer to the Philippine Government for a nominal cash consideration all shares now vested or hereafter vested by the Alien Property Custodian of corporations owning in fee, leasing, or otherwise operating or controlling agricultural lands in the Philippines, other agricultural lands in the Philippines, vested or hereafter vested by the Alien Property Custodian not included in the foregoing, and improved property in Manila vested or hereafter vested by the Alien Property Custodian which in his judgment is urgently needed for the operation of an administrative agency of the Philippine Government: Provided, That in respect to property transferred under this section to the Philippine Government, it shall be made a part of the agreement that the Philippine Government shall fully indemnify the United States for all claims payable under the Trading With the Enemy Act, as amended [[50 U.S.C. 4301](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section4301&num=0&edition=prelim) et seq.], and for all such costs and expenses of administration as may by law be charged against such property or proceeds thereof.

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Stable record: federal_law:legal_authorities:record_usc_a727cb77b4b76511645964ff
Source file: Laws/federal/codes/united-states-code/title-22/section-1384-transfer-of-shares-of-corporations-owning-agricultural-lands-considerati--db34bef336.md
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Passage SHA-256: 136988c721092d2bf675d3ff0817a6b9b49da74ba9fd650d4357cf1dcdfc8db3

Source location: Title 22, Chapter 15, § 1384; chapter-015-the-republic-of-the-philippines.md

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Immediately upon passage of this subchapter the Alien Property Custodian of the United States shall enter into an agreement with the President of the Philippines to transfer to the Philippine Government for a nominal cash consideration all shares now vested or hereafter vested by the Alien Property Custodian of corporations owning in fee, leasing, or otherwise operating or controlling agricultural lands in the Philippines, other agricultural lands in the Philippines, vested or hereafter vested by the Alien Property Custodian not included in the foregoing, and improved property in Manila vested or hereafter vested by the Alien Property Custodian which in his judgment is urgently needed for the operation of an administrative agency of the Philippine Government: Provided, That in respect to property transferred under this section to the Philippine Government, it shall be made a part of the agreement that the Philippine Government shall fully indemnify the United States for all claims payable under the Trading With the Enemy Act, as amended [[50 U.S.C. 4301](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section4301&num=0&edition=prelim) et seq.], and for all such costs and expenses of administration as may by law be charged against such property or proceeds thereof.

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Federal law — U.S. Code and appendices · legal_authorities

50 U.S.C. § 4301 — Designation of chapter

This chapter shall be known as the “Trading with the enemy 11 So in original. Act.”

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Federal law — U.S. Code and appendices · legal_authorities

48 U.S.C. § 1276 to 1276e — Transferred

### Statutory Notes #### Codification Section 1276, act July 3, 1946, ch. 536, § 2, 60 Stat. 418, related to retention by United States of title to real and personal property, and was transferred to [section 1381 of Title 22](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section1381&num=0&edition=prelim), Foreign Relations and Intercourse. Section 1276a, acts July 3, 1946, ch. 536, § 3, 60 Stat. 418; Dec. 21, 1950, ch. 1144, 64 Stat. 1116, related to administration of trading with the enemy provisions in the Philippines, and was transferred to [section 1382 of Title 22](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section1382&num=0&edition=prelim). Section 1276b, act July 3, 1946, ch. 536, § 4, 60 Stat. 419, related to transfer of property by the President of the United States, and was transferred to [section 1383 of Title 22](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section1383&num=0&edition=prelim). Section 1276c, act July 3, 1946, ch. 536, § 5, 60 Stat. 419, related to transfer of shares of corporations owning agricultural lands, and was transferred to [section 1384 of Title 22](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section1384&num=0&edition=prelim). Section 1276d, act July 3, 1946, ch. 536, § 6, 60 Stat. 419, related to ownership of naval reservations, diplomatic property etc., and was transferred to [section 1385 of Title 22](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section1385&num=0&edition=prelim). Section 1276e, act July 3, 1946, ch. 536, § 7, 60 Stat. 420, related to defining terms for purposes of act July 3, 1946, and was transferred to [section 1386 of Title 22](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim

Source: Supplied U.S. Code snapshot — release unconfirmed · 48 U.S.C. § 1276 to 1276e

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Federal law — U.S. Code and appendices · legal_authorities

22 U.S.C. § 1384 — Transfer of shares of corporations owning

Page 344 TITLE 22—FOREIGN RELATIONS AND INTERCOURSE § 1383 rights, privileges, and powers hereby vested in or trans- ferred or delegated to the Attorney General shall be paid, to the extent permitted and in the manner pre- scribed by law, from funds or property or interests vested in or transferred to the Attorney General by or pursuant to the authority contained in this order, so as to prevent diminution of funds otherwise available for the War Claims Fund under section 39 of the Trading with the Enemy Act, as amended by section 12 of the act of July 3, 1948, 62 Stat. 1246 [50 U.S.C. 4336]. This order shall become effective at the close of busi- ness in Washington, D.C., on June 29, 1951, and shall at that time supersede all prior Executive orders to the extent that they are in conflict with this order. HARRY S TRUMAN. § 1383. Transfer of property by President of United States In respect to property not transferable to the Republic of the Philippines under section 1382 of this title, the President of the United States is authorized, in his discretion and under such terms and conditions as he may deem appro- priate, to transfer to the Republic of the Phil- ippines any or all of the right, title, and interest of the Government of the United States or its agencies or instrumentalities to any or all real and personal property vested in such agencies or instrumentalities. (July 3, 1946, ch. 536, § 4, 60 Stat. 419.) Executive Documents EX. ORD. NO. 9937. DELEGATION OF PRESIDENT’S AUTHOR- ITY TO AGENCIES PARTICIPATING IN THE PHILIPPINE RE- COVERY PROGRAM Ex. Ord. No. 9937, Mar. 20, 1948, 13 F.R. 1503 as amend- ed by act June 30, 1949, ch. 288, title I, § 103(a), 63 Stat. 380; 1949 Reorg. Plan No. 7, § 2, eff. Aug. 19, 1949, 14 F.R. 5228, 63 Stat. 10

Source: Supplied 2024 U.S. Code historical extraction · 22 U.S.C. § 1384

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Federal law — U.S. Code and appendices · legal_authorities

50 U.S.C. § 4301 — Designation of chapter

Page 1055 TITLE 50—WAR AND NATIONAL DEFENSE § 4302 1 So in original. Sec. 4311. Importations prohibited. 4312. Property transferred to Alien Property Custo- dian. 4313. Statements by masters of vessels and owners of cargoes before granting clearances. 4314. False manifest; refusal of clearance; reports of gold or silver coin in cargoes for export. 4315. Offenses; punishment; forfeitures of property. 4316. Rules by district courts; appeals. 4317. Fees of agents, attorneys, or representatives. 4318. Claims of naturalized citizens as affected by expatriation. 4319. Fugitives from justice barred from recovery. 4320. Payment of income, etc., by Alien Property Custodian. 4321. Payment of taxes and expenses by Alien Prop- erty Custodian. 4322. Investments by Custodian in participating certificates issued by Secretary of the Treasury; transfers to and payments from German, Austrian or Hungarian special de- posit accounts; allocation of payments. 4323. Allocation of ‘‘unallocated interest fund’’. 4324. Return by Custodian, to United States, of payments under licenses, assignments or sales of patents. 4325. ‘‘Unallocated interest fund’’ defined. 4326. Waiver by Custodian of demand for property; acceptance of less amount; approval of At- torney General. 4327. Attachment or garnishment of funds or prop- erty held by Custodian. 4328. ‘‘Member of the former ruling family’’ de- fined. 4329. Return of property. 4330. Notice of claim; institution of suits; com- putation of time. 4331. Payment of debts. 4332. Hearings on claims; rules and regulations; delegation of powers. 4333. Taxes. 4334. Insurance of property. 4335. Shipment of relief supplies; definitions. 4336. Retention of properties or interests of Ger- many and Japa

Source: Supplied 2024 U.S. Code historical extraction · 50 U.S.C. § 4301

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