WHAT THE LAW DOINCongress, in plain words

The law › Title 12, Banks and Banking › Chapter 13

12 U.S.C. 1723c: Obligations, participations, or other instruments as lawful investments; acceptance as security; exempt securities

Created in 1964 by Public Law 88-560. Changed by 3 later laws. No bill we track in this Congress changes it.

This Congress

No bill we track in the 119th Congress changes this section.

    How it got here

    1992

    • Pub. L. 102–550 struck out before period at end "; but all such issuances by the Association and all issuances of stock, and debt obligations convertible into stock, by the corporation shall be made only with the approval of the Secretary of Housing and Urban Development".

    1984

    • Pub. L. 98–440 inserted "by the Association and all issuances of stock, and debt obligations convertible into stock, by the corporation".

    1968

    • Pub. L. 90–448 substituted "either of the bodies corporate named in section 1717(a)(2) of this title" for "the Association," and inserted provisions directing that all stock, obligations, securities, participations, or other instruments issued pursuant to this subchapter be deemed to be exempt secu…

    1964

    • Pub. L. 88–560 inserted ", participations, or other instruments" after "obligations".

    Text, outline and history from the official U.S. Code (2024 edition) on GovInfo, published by the Office of the Law Revision Counsel. Changes made after that edition appear under This Congress.