US Code / 2018 US Code / Title 15. Commerce and Trade / Chapter 2a. Securities and Trust Indentures / Subchapter II. Foreign Securities / 15 U.S. Code §77ii. Subscriptions accepted by Corporation as loans; repayment

15 U.S. Code §77ii. Subscriptions accepted by Corporation as loans; repayment

Section Text

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.

Citation

15 U.S.C. § 77ii (2018)