
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 7USC1383]

 
                          TITLE 7--AGRICULTURE
 
             CHAPTER 35--AGRICULTURAL ADJUSTMENT ACT OF 1938
 
 SUBCHAPTER II--LOANS, PARITY PAYMENTS, CONSUMER SAFEGUARDS, MARKETING 
                   QUOTAS, AND MARKETING CERTIFICATES
 
           Part F--Miscellaneous Provisions and Appropriations
 
                        subpart i--miscellaneous
 
Sec. 1383. Insurance of cotton; reconcentration

    (a) The Commodity Credit Corporation shall place all insurance of 
every nature taken out by it on cotton, and all renewals, extensions, or 
continuations of existing insurance, with insurance agents who are 
bonafide residents of and doing business in the State where the cotton 
is warehoused: Provided, That such insurance may be secured at a cost 
not greater than similar insurance offered on said cotton elsewhere.
    (b) Cotton held as security for any loan heretofore or hereafter 
made or arranged for by the Commodity Credit Corporation shall not 
hereafter be reconcentrated without the written consent of the producer 
or borrower.

(Feb. 16, 1938, ch. 30, title III, Sec. 383, 52 Stat. 67.)

                          Transfer of Functions

    Administration of program of Commodity Credit Corporation 
transferred to Secretary of Agriculture by 1946 Reorg. Plan No. 3, 
Sec. 501, eff. July 16, 1946, 11 F.R. 7877, 60 Stat. 1100, set out in 
the Appendix to Title 5, Government Organization and Employees.

                  Exceptions From Transfer of Functions

    Functions of Corporations of Department of Agriculture, boards of 
directors and officers of such corporations; Advisory Board of Commodity 
Credit Corporation; and Farm Credit Administration or any agency, 
officer, or entity of, under, or subject to supervision of said 
Administration excepted from functions of officers, agencies, and 
employees transferred to Secretary of Agriculture by 1953 Reorg. Plan 
No. 2, Sec. 1, effective June 4, 1953, 18 F.R. 3219, 67 Stat. 633, set 
out as a note under section 2201 of this title.

                  Section Referred to in Other Sections

    This section is referred to in sections 1383a, 1386 of this title.
