An Act to amend the Commodity Credit Corporation Charter Act in order to protect innocent purchasers of fungible goods from claims of the Commodity Credit Corporation
PL 84-43 (H.R.1831), enacted 05/23/1955

69 S T A T . ] 
PUBLIC LAW 44-MAY 23, 1955 
65 
Public Law 42 
CHAPTER 45 
AN ACT 
To repeal section 348 of the Agricultural Adjustment Act of 1938. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled, That section 348 
of the Agricultural Adjustment Act of 1088, as amended, is hereby 
repealed, effective with respect to 1955 and subsequent crops. 
Approved May 23, 1955. 
May 23.1955 
[H. R. 1573] 
68 Stat. 904. 
7 u s e 1348. 
Public Law 43 
CHAPTER 46 
AN ACT 
To amend the Commodity Credit Corporation Charter Act in order to protect 
innocent purchasers of fungible goods from claims of the Commodity Credit 
Corporation. 
May 23, 1955 
[H. R. 1831] 
Be it enacted hy the Senate and House of Bepresentatives 
of the 
United States of America in Congress asffemhled. That the Commodity 
Credit Corporation Charter Act, as amended (62 Stat. 1070), is 
hereby amended by adding at the end tliereof the following new 
section: 
"SEC. 19, RELEASE OF INXOCKNT PIRCHA.SERS OF CONVERTED GOODS.— 
A buyer in the ordinary course of business of fungible goods heretofore 
or hereafter sold and physically delivered by a warehouseman or 
other dealer who was regularly engaged in the business of buying and 
selling such goods shall take or be deemed to have taken such goods 
free of any claim, existing or hereafter arising, by Commodity Credit 
Corporation, based on the want of authority in the seller to sell such 
goods, provided the buyer purchased such goods for value in good faith 
and did not know or have reason to know of any defect in the seller's 
authority to sell such goods." To be entitled to relief under this section 
a buyer must assert as an affirmative defense and establish by a pre-
ponderance of the evidence the facts necessary to entitle him to 
such relief. 
Approved May 23, 1955. 
C o m m o d i t y 
Credit Corp. 
C h a r t e r 
A c t , 
amendment. 
15 tree 714 note. 
Fungible goods. 
Public Law 44 
CHAPTER 47 
AN ACT 
To promote the national defense by authorizing the construction of aeronautical 
research facilities by the National Advisory Committee for Aeronautics neces-
sary to the effective prosecution of aeronautical research. 
May 23, 1955 
[H. R. 2581] 
Be it enacted by the Senate and House of Bepresentatives 
of the 
United States of America in Congress assembUd, That, pursuant to 
subsection (b) of section 1 of Public Law 672, approved August 8, 
1950 (50 U. S. C. 151b), the National Advisory Committee for Aero-
nautics is authorized to undertake additional construction, to acquire 
land, and to purchase and install additional equipment at the following 
locations: 
Langley Aeronautical Laboratory, Hampton, Virginia: Improve-
ments to an existing transonic tunnel and improvements to roads, 
$3,395,000. 
Ames Aeronautical Laboratory, Moffett Field, California: High-
speed free-flight facility, range for aerodynamic heating and dynamic 
stability testing, and data-reduction equipment, $1,055,000. 
Aeronautical re^ 
search facilities. 
64 Stat. 418. 
54402 O - 55 - 5