45 USC 1115 - Redemption of stock
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Sec. 1115. Redemption of stock
For the purpose of computing the amount for which certificates of value shall be redeemable under section 746 of this title, the series B preferred stock and the common stock conveyed to the Secretary under section 1107 [1] of this title shall be deemed to be without fair market value unless in a proceeding brought under section 1105 (a)(4) of this title the special court shall have determined that such securities had a value and shall have entered a judgment against the United States for that value. In such an event, the securities shall for purposes of section 746 of this title be deemed to have that value found by the special court.
[1] See References in Text note below.
Sections: 1108 1109 1110 1111 1112 1113 1114 1115 1116 1201 1202 1203 1204 1205 1206
Last modified: July 21, 2011
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