CITE

    15 USC Sec. 77ii                                            01/08/2008

EXPCITE

    TITLE 15 - COMMERCE AND TRADE
    CHAPTER 2A - SECURITIES AND TRUST INDENTURES
    SUBCHAPTER II - FOREIGN SECURITIES

HEAD

    Sec. 77ii. Subscriptions accepted by Corporation as loans;
      repayment

STATUTE

      The Corporation may receive subscriptions from any person,
    foundation with a public purpose, or agency of the United States
    Government, and such subscriptions may, in the discretion of the
    board of directors, be treated as loans repayable when and as the
    board of directors shall determine.

SOURCE

    (May 27, 1933, ch. 38, title II, Sec. 208, 48 Stat. 95.)