§290g–7 Force and Effect of Agreement; Deposit of Documents by the President; Reservation of Right to Tax Salaries and Emoluments Paid by the Fund to United States Citizens or Nationals

Summary

When the United States accepts participation and the Fund takes effect, the agreement — including articles 41 through 50 — applies in the United States, its territories and possessions, and Puerto Rico. When the President files the United States’ acceptance, he must also file a declaration saying the United States and its political subdivisions keep the right to tax Fund salaries and emoluments paid to U.S. citizens or nationals, and may file reservations on other matters in article 58.