Source: https://www.law.cornell.edu/uscode/text/12/2279aa%E2%80%933
Timestamp: 2019-05-25 07:15:41
Document Index: 512901768

Matched Legal Cases: ['§ 2279', '§\u202f2279', '§\u202f8', '§\u202f702', '§\u202f601', '§\u202f503', '§\u202f308', '§\u202f104', '§\u202f104', '§\u202f105', '§\u202f105']

12 U.S. Code § 2279aa–3 - Powers and duties of Corporation and Board | US Law | LII / Legal Information Institute
§ 2279aa–3.
Powers and duties of Corporation and Board
(c) Powers of CorporationThe Corporation shall be a body corporate and shall have the following powers:
To establish, acquire, and maintain affiliates (as such term is defined in section 2279aa–11(e) of this title) under applicable State laws to carry out any activities that otherwise would be performed directly by the Corporation under this subchapter.
(Pub. L. 92–181, title VIII, § 8.3, as added Pub. L. 100–233, title VII, § 702, Jan. 6, 1988, 101 Stat. 1691; amended Pub. L. 100–399, title VI, § 601(c), Aug. 17, 1988, 102 Stat. 1005; Pub. L. 102–237, title V, § 503(c), Dec. 13, 1991, 105 Stat. 1877; Pub. L. 102–552, title III, § 308(b)(1), Oct. 28, 1992, 106 Stat. 4116; Pub. L. 104–105, title I, §§ 104, 105, Feb. 10, 1996, 110 Stat. 163.)
1996—Subsec. (c)(13) to (15). Pub. L. 104–105, § 104, added par. (13) and redesignated former pars. (13) and (14) as (14) and (15), respectively.
Subsec. (d). Pub. L. 104–105, § 105(1), which directed the amendment of subsec. (d) by substituting “shall act as depositories for, and” for “may act as depositories for, or”, was executed by making the substitution for “may act as depositaries for, or” to reflect the probable intent of Congress.
Subsec. (e). Pub. L. 104–105, § 105(2), substituted “Corporation shall have access to” for “Secretary of the Treasury may authorize the Corporation to use”.
1992—Subsec. (c)(13). Pub. L. 102–552 substituted “2279aa–11(e)” for “2279aa–11(g)”.
1988—Subsec. (c)(4). Pub. L. 100–399 substituted “such persons” for “the persons”.