22 USC 282p - Capital increases and amendment to the Articles of Agreement

U.S Code last checked for updates: Apr 28, 2024

§ 282p.

Capital increases and amendment to the Articles of Agreement

(a)

Votes authorized

The United States Governor of the Corporation is authorized to vote in favor of—

(1)

a resolution to increase the authorized capital stock of the Corporation by 16,999,998 shares, to implement the conversion of a portion of the retained earnings of the Corporation into paid-in capital, which will result in the United States being issued an additional 3,771,899 shares of capital stock, without any cash contribution;

(2)

a resolution to increase the authorized capital stock of the Corporation on a general basis by 4,579,995 shares; and

(3)

a resolution to increase the authorized capital stock of the Corporation on a selective basis by 919,998 shares.

(b)

Amendment of the Articles of Agreement

(Aug. 11, 1955, ch. 788, § 18, as added Pub. L. 116–136, div. B, title XI, § 21012(b)(2), Mar. 27, 2020, 134 Stat. 594.)

cite as: 22 USC 282p