Title 15 — Commerce and TradeRelease 119-73not60

§714n Transfer of Assets of Commodity Credit Corporation, a Delaware Corporation

Title 15 › Chapter 15— ECONOMIC RECOVERY › Subchapter II— COMMODITY CREDIT CORPORATION › § 714n

Last updated Apr 3, 2026|Official source

Summary

All assets, money, property, and records of the Commodity Credit Corporation (a Delaware corporation) become the Corporation's. Any rights, powers, duties, debts, or legal claims tied to contracts, loans, accounts, or other obligations also move to the Corporation. Time limits for bringing claims stay the same.

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

Apr 3, 2026

Release point: 119-73not60