15 USC § 714e - Capital stock; amount; interest

---
identifier: "/us/usc/t15/s714e"
source: "usc"
legal_status: "official_prima_facie"
title: "15 USC § 714e - Capital stock; amount; interest"
title_number: 15
title_name: "COMMERCE AND TRADE"
section_number: "714e"
section_name: "Capital stock; amount; interest"
chapter_number: 15
chapter_name: "ECONOMIC RECOVERY"
subchapter_number: "II"
subchapter_name: "COMMODITY CREDIT CORPORATION"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(June 29, 1948, ch. 704, § 7, 62 Stat. 1072.)"
---


# § 714e. Capital stock; amount; interest

section 714n of this titleMarch 8, 1938

The Corporation shall have a capital stock of $100,000,000 which shall be subscribed by the United States. Such subscription shall be deemed to be fully paid by the transfer of assets to the Corporation pursuant to . The Corporation shall pay interest to the United States Treasury on the amount of its capital stock, and on the amount of the obligations of the Corporation purchased by the Secretary of the Treasury pursuant to the Act of  (U.S.C., title 15, sec. 713a–4), as amended, at such rates as may be determined by the Secretary of the Treasury to be appropriate in view of the terms for which such amounts are made available to the Corporation.

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**Source Credit**: (June 29, 1948, ch. 704, § 7, 62 Stat. 1072.)

## Editorial Notes

### References in Text

Act of , referred to in text, is , §§ 1–5, , which was classified to sections 713a–1 to 713a–5 of this title. Sections 713a–1 and 713a–2 were repealed by , , , and section 713a–3 was omitted from the Code.

## Executive Documents

### Exceptions From Transfer of Functions

For exception of functions of corporations of Department of Agriculture from transfer of functions to Secretary of Agriculture by Reorg. Plan No. 2 of 1953, see Exceptions From Transfer of Functions note set out under .