The law › Title 15, Commerce and Trade › Chapter 14B

15 U.S.C. 687l: Issuance and guarantee of trust certificates

Created in 1986 by Public Law 85-699. Changed by 3 later laws. No bill we track in this Congress changes it.

How it got hereLaws that created or changed it, newest first

1996Magnuson-Stevens Fishery Conservation and Management Act

1992Pub. L. 102-366

1989Pub. L. 101-162

1986Pub. L. 85-699added it

15 U.S.C. 687lIssuance and guarantee of trust certificates

(a)Issuance; debentures or participating securities composing trust or pool

(b)Terms and conditions of guarantee; payment of principal and interest

(c)Full faith and credit of United States

(d)Collection of fees

(e)Subrogation rights; ownership rights in debentures or participating securities

(f)Central registration requirements; regulation of brokers and dealers

This CongressBills that change it or would

None we track

past change
enacted this Congress
proposed

This Congress

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

How it got here

1996

Pub. L. 104–208, §208(h)(1)(F)(i), struck out ", including companies operating under the authority of section 681(d) of this title," after "investment companies". (Magnuson-Stevens Fishery Conservation and Management Act) Law text · (a)
Pub. L. 104–208, §205(b)(1), struck out at end "Such central registration shall include with respect to each sale— (Magnuson-Stevens Fishery Conservation and Management Act) Law text · (f)
Pub. L. 104–208, §208(h)(1)(F)(ii), inserted "or investments in obligations of the United States" after "accounts". (Magnuson-Stevens Fishery Conservation and Management Act) Law text · (f)
Pub. L. 104–208, §205(b)(2), added par. (5). (Magnuson-Stevens Fishery Conservation and Management Act) Law text · (f)

1992

Pub. L. 102–366 amended section generally, in subsec. (a) authorizing issuance of trust certificates representing ownership of participating securities, in subsec. (b) inserting provisions authorizing Administration to guarantee payment of redemption price of and priority payments on participating …

1989

Pub. L. 101–162 inserted ", including companies operating under the authority of section 681(d) of this title," after "investment companies". · (a)

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.