Title 15 — Commerce and TradeRelease 119-73
§714e Capital stock; amount; interest
Title 15 › Chapter CHAPTER 15— - ECONOMIC RECOVERY › Subchapter SUBCHAPTER II— - COMMODITY CREDIT CORPORATION › § 714e
Summary
Corporation must have $100,000,000 capital stock, subscribed by the United States and treated as paid when assets transfer under section 714n. It must pay interest to U.S. Treasury on stock and obligations purchased under the Act of March 8, 1938 (15 U.S.C. 713a–4), at rates the Secretary determines.
Full Legal Text
Title 15, §714e
Commerce and Trade — Source: USLM XML via OLRC
The Corporation shall have a capital stock of $100,000,000 which shall be subscribed by the United States. Such subscription shall be deemed to be fully paid by the transfer of assets to the Corporation pursuant to section 714n of this title. The Corporation shall pay interest to the United States Treasury on the amount of its capital stock, and on the amount of the obligations of the Corporation purchased by the Secretary of the Treasury pursuant to the Act of March 8, 1938 (U.S.C., title 15, sec. 713a–4), as amended, at such rates as may be determined by the Secretary of the Treasury to be appropriate in view of the terms for which such amounts are made available to the Corporation.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
References in Text
Act of March 8, 1938, referred to in text, is act Mar. 8, 1938, ch. 44, §§ 1–5, 52 Stat. 107, which was classified to sections 713a–1 to 713a–5 of this title. section 713a–1 and 713a–2 were repealed by Pub. L. 87–155, § 1, Aug. 17, 1961, 75 Stat. 391, and section 713a–3 was omitted from the Code.
Executive Documents
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.
Reference
Citations & Metadata
Citation
15 U.S.C. § 714e
Title 15 — Commerce and Trade
Last Updated
Apr 6, 2026
Release point: 119-73