Title 15, Commerce and TradeRelease 119-102

§714o Dissolution of Delaware Corporation

Title 15 › CHAPTER 15 — ECONOMIC RECOVERY › SUBCHAPTER II — COMMODITY CREDIT CORPORATION › § 714o

Last updated Aug 21, 2026|Official source

Summary

The Secretary of Agriculture, acting for the United States as the only owner of the Commodity Credit Corporation's stock, must start the legal steps needed to dissolve the Corporation under Delaware law. The Corporation itself must pay the costs of that dissolution.

Full Legal Text

Title 15, §714o

Commerce and Trade, Source: USLM XML via OLRC

The Secretary of Agriculture, representing the United States as the sole owner of the capital stock of Commodity Credit Corporation, a Delaware corporation, is authorized and directed to institute or cause to be instituted such proceedings as are required for the dissolution of said Corporation under the laws of the State of Delaware. The costs of such dissolution of said Corporation shall be borne by 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. § 714o

Title 15, Commerce and Trade

Last Updated

Aug 21, 2026

Release point: 119-102