Title 22 — Foreign Relations and IntercourseRelease 119-73not60
§3781 Assets and Liabilities of Panama Canal Company
Title 22 › Chapter 51— PANAMA CANAL › Subchapter I— ADMINISTRATION AND REGULATIONS › Part 5— Public Property › § 3781
Summary
Panama Canal Company assets became U.S. property October 1, 1979; unless law says otherwise, U.S. must assume its liabilities and contracts, and Commission may use property.
Full Legal Text
Title 22, §3781
Foreign Relations and Intercourse — Source: USLM XML via OLRC
All property and other assets of the Panama Canal Company shall revert to the United States on October 1, 1979, and, except as otherwise provided by law, the United States shall assume the liabilities, including contractual obligations, of the Panama Canal Company then outstanding. The Commission may use such property, facilities, and records of the Panama Canal Company as are necessary to carry out its functions.
Reference
Citations & Metadata
Citation
22 U.S.C. § 3781
Title 22 — Foreign Relations and Intercourse
Last Updated
Apr 5, 2026
Release point: 119-73not60