Title 15, Commerce and TradeRelease 119-102
§714n Transfer of Assets of Commodity Credit Corporation, a Delaware Corporation
Title 15 › CHAPTER 15 — ECONOMIC RECOVERY › SUBCHAPTER II — COMMODITY CREDIT CORPORATION › § 714n
Summary
All assets and records of Commodity Credit Corporation, a Delaware corporation, move to the Corporation. Its rights, duties, liabilities and contract or loan claims become the Corporation’s and can be enforced by or against it, without changing claim deadlines.
Full Legal Text
Title 15, §714n
Commerce and Trade, Source: USLM XML via OLRC
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.
Legislative History
Notes & Related Subsidiaries
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. § 714n
Title 15, Commerce and Trade
Last Updated
Aug 21, 2026
Release point: 119-102