
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 15USC713]

 
                      TITLE 15--COMMERCE AND TRADE
 
                      CHAPTER 15--ECONOMIC RECOVERY
 
                         SUBCHAPTER I--GENERALLY
 
Sec. 713. Omitted


                          Codification

    Section, acts Jan. 31, 1935, ch. 2, Sec. 7, 49 Stat. 4; Jan. 26, 
1937, ch. 6, Sec. 2(a), 50 Stat. 5; Mar. 4, 1939, ch. 5, Sec. 1(a), 53 
Stat. 510; Dec. 23, 1943, ch. 383, 57 Stat. 643, was omitted as 
terminated by its own terms on June 30, 1948. It related to the 
Commodity Credit Corporation, which was recreated as a Federal 
corporation by section 714 of this title.
    Subsec. (a), continuing the Commodity Credit Corporation, a Delaware 
corporation, until the close of business on June 30, 1948, authorizing 
the Corporation to use all its assets (including capital and net 
earnings therefrom and all moneys allocated to or borrowed by it) in the 
exercise of its functions as a United States agency, including the 
making of loans on agricultural commodities, and requiring the 
Corporation to maintain complete and accurate books of account and to 
determine the procedures to be followed in the transaction of corporate 
business, was superseded by sections 714, 714b(a), (d), (l), and 714f of 
this title.
    Initial proviso clause of subsec. (b), ``That the Corporation shall 
continue to have the authority to make final and conclusive settlement 
and adjustment of any claims by or against the Corporation or the 
accounts of its fiscal officers'' was superseded by section 714b(k) of 
this title.
    Remainder of section, relating to audit of financial transactions of 
the Corporation, was superseded by sections 841 to 870 of former Title 
31 [see chapter 91 of Title 31, Money and Finance]. See, particularly, 
sections 846, 850 and 851 of former title 31 [31 U.S.C. 9101(3), 9105 
and 9106].


                                 Repeals

    Act July 1, 1941, ch. 270, Sec. 1, 55 Stat. 498, formerly classified 
to this section, was repealed by Pub. L. 89-554, Sec. 8(a), Sept. 6, 
1966, 80 Stat. 651.
    Acts July 16, 1943, ch. 241, Sec. 1, 57 Stat. 556; Feb. 28, 1944, 
ch. 71, Sec. 1, 58 Stat. 105; Apr. 12, 1945, ch. 54, Sec. 5, 59 Stat. 
51; June 30, 1947, ch. 164, 61 Stat. 201, formerly classified to this 
section, were repealed by Pub. L. 89-554, Sec. 8(a), Sept. 6, 1966, 80 
Stat. 652, 654.


                       Dissolution of Corporation

    Secretary of Agriculture authorized to dissolve the Delaware 
corporation under authority of section 714o of this title.


                    Transfer of Assets of Corporation

    Assets, funds, liabilities, etc., of Delaware corporation 
transferred to newly created Commodity Credit Corporation under 
authority of section 714n of this title.


                           Subsidy Operations

    Act July 25, 1946, ch. 671, Sec. 6, 60 Stat. 671, provided that the 
last paragraph of section 902(e) of Appendix to Title 50, War and 
National Defense, should not apply to operations of the Commodity Credit 
Corporation and the former Reconstruction Finance Corporation for the 
fiscal year ending June 30, 1947, and placed limitations on certain 
subsidy payments made during such fiscal year June 30, 1947.


                  Increase in Certain Subsidy Payments

    Act July 31, 1945, ch. 332, 59 Stat. 506, provided that subsidy 
payments with respect to livestock, wheat, and butter, shall be 
increased to certain amounts from time to time by the Secretary of 
Agriculture.


                Allocation of Livestock and Poultry Feeds

    Act July 25, 1946, ch. 671, Sec. 15, 60 Stat. 677, directed 
Secretary of Agriculture to allocate livestock and poultry feeds through 
the Commodity Credit Corporation when an emergency condition arises with 
regard to such feeds.


                Purchases of Wheat Prior to April 1, 1947

    Act July 25, 1946, ch. 671, Sec. 16, 60 Stat. 677, provided that the 
Commodity Credit Corporation shall offer to purchase the wheat of 
producers, subject to certain limitations, which wheat has been required 
to be sold pursuant to Government order and was delivered to a grain 
elevator prior to April 1, 1947.
