Statute

15 U.S.C. § 77ii

Subscriptions accepted by Corporation as loans; repayment

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Statutory text

15 U.S.C. § 77ii

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.