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U.S Code last checked for updates: Nov 26, 2024
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Title 22
Chapter 7
Subchapter XV
§ 286e. Payment of subscriptions...
§ 286e-1a. Increase in capital s...
§ 286e. Payment of subscriptions...
§ 286e-1a. Increase in capital s...
U.S. Code
§ 286e–1.
Increase in quota of United States and in capital stock of Bank; subscription to additional shares
(a)
The United States Governor of the Fund is authorized to request and consent to an increase of $1,375,000,000 in the quota of the United States under article III, section 2, of the articles of agreement of the Fund, as proposed in the resolution of the Board of Governors of the Fund dated
February 2, 1959
.
(b)
The United States Governor of the Bank is authorized (1) to vote for increases in the capital stock of the Bank under article II, section 2, of the articles of agreement of the Bank, as recommended in the resolution of the Board of Governors of the Bank dated
February 2, 1959
, and (2) if such increases become effective, to subscribe on behalf of the United States to thirty-one thousand seven hundred and fifty additional shares of stock under article II, section 3, of the articles of agreement of the Bank.
(
July 31, 1945, ch. 339, § 16
, as added
Pub. L. 86–48, § 1
,
June 17, 1959
,
73 Stat. 80
.)
cite as:
22 USC 286e-1
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