§ 714n. — Transfer of assets of Commodity Credit Corporation, a Delaware corporation.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 15USC714n]
TITLE 15--COMMERCE AND TRADE
CHAPTER 15--ECONOMIC RECOVERY
SUBCHAPTER II--COMMODITY CREDIT CORPORATION
Sec. 714n. Transfer of assets of Commodity Credit Corporation, a
Delaware corporation
The assets, funds, property, and records of Commodity Credit
Corporation, a Delaware corporation, are transferred to the Corporation.
The rights, privileges, and powers, and the duties and liabilities of
Commodity Credit Corporation, a Delaware corporation, in respect to any
contract, agreement, loan, account, or other obligation shall become the
rights, privileges, and powers, and the duties and liabilities,
respectively, of the Corporation. The enforceable claims of or against
Commodity Credit Corporation, a Delaware corporation, shall become the
claims of or against, and may be enforced by or against, the
Corporation: Provided, That nothing in this subchapter shall limit or
extend any period of limitation otherwise applicable to such claims
against the Corporation.
(June 29, 1948, ch. 704, Sec. 16, 62 Stat. 1075.)
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.
Section Referred to in Other Sections
This section is referred to in section 714e of this title.
