Historical and Revision Notes

Revised

Section

Source (U.S. Code)

Source (Statutes at Large)

154303

36:140b(b)–(j).

June 6, 1940, ch. 239, § 3(b)–(j), 54 Stat. 233.

In clause (1), the words “not inconsistent with the Constitution and laws of the United States or of any State” are omitted as unnecessary.

In clause (2), the words “at pleasure” are omitted as unnecessary.

Clause (6) is substituted for “acquire, by purchase, devise, bequest, gift, or otherwise, and hold, encumber, convey, or otherwise dispose of such real and personal property as may be necessary or appropriate for its corporate purposes” for consistency in the revised title.

In clause (9), the word “generally” is omitted as unnecessary. The words “any other act” are substituted for “any and all lawful acts” for consistency in the revised title.