15 USC § 77ii - Subscriptions accepted by Corporation as loans; repayment

---
identifier: "/us/usc/t15/s77ii"
source: "usc"
legal_status: "official_prima_facie"
title: "15 USC § 77ii - Subscriptions accepted by Corporation as loans; repayment"
title_number: 15
title_name: "COMMERCE AND TRADE"
section_number: "77ii"
section_name: "Subscriptions accepted by Corporation as loans; repayment"
chapter_number: 2
chapter_name: "SECURITIES AND TRUST INDENTURES"
subchapter_number: "II"
subchapter_name: "FOREIGN SECURITIES"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(May 27, 1933, ch. 38, title II, § 208, 48 Stat. 95.)"
---


# § 77ii. Subscriptions accepted by Corporation as loans; repayment

The Corporation may receive subscriptions from any person, foundation with a public purpose, or agency of the United States Government, and such subscriptions may, in the discretion of the board of directors, be treated as loans repayable when and as the board of directors shall determine.

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**Source Credit**: (May 27, 1933, ch. 38, title II, § 208, 48 Stat. 95.)