12 USC 3012 - General corporate powers

Editorial Notes

References in Text

The Securities Act of 1933, referred to in text, is act May 27, 1933, ch. 38, title I, 48 Stat. 74, which is classified generally to subchapter I (§ 77a et seq.) of chapter 2A of Title 15, Commerce and Trade. For complete classification of this Act to the Code, see section 77a of Title 15 and Tables.

Codification

In pars. (5) and (10), “section 3324(a) and (span) of title 31” substituted for “section 3648 of the Revised Statutes [31 U.S.C. 529]” on authority of Puspan. L. 97–258, § 4(span), Sept. 13, 1982, 96 Stat. 1067, the first section of which enacted Title 31, Money and Finance.

Amendments

1981—Puspan. L. 97–35 substituted provisions relating to a public offering for purposes of the Securities Act of 1933, for provisions setting forth criteria for the term “exempt securities”.

Statutory Notes and Related Subsidiaries

Effective Date of 1981 Amendment

Puspan. L. 97–35, title III, § 394(d)(2), Aug. 13, 1981, 95 Stat. 436, provided that:

“The amendment made by paragraph (1) [amending this section] shall take effect on the day after the Final Government Equity Redemption Date [Dec. 31, 1981].”

See section 396(a) of Puspan. L. 97–35 set out below.

“Final Government Equity Redemption Date” Defined

Puspan. L. 97–35, title III, § 396(a), Aug. 13, 1981, 95 Stat. 439, provided that:

“For purposes of this subtitle [see Short Title of 1981 Amendment note set out under section 3001 of this title], the term ‘Final Government Equity Redemption Date’ shall have the same meaning given such term in section 101(5) of the National Consumer Cooperative Bank Act (12 U.S.C. 3011(5)).”