12 U.S.C. § 635b
Capitalization of Bank; method of capital stock payments; public-debt transactions; issuance of stock certificates
The Export-Import Bank of the United States shall have a capital stock of $1,000,000,000 subscribed by the United States. Certificates evidencing stock ownership of the United States shall be issued by the Bank to the President of the United States, or to such other person or persons as the President may designate from time to time, to the extent of payments made for the capital stock of the Bank.
Notes of Decisions
Cited in 2
cases, 1983–1990 · leading case: Enterprise Tools, Inc. v. Export-Import Bank of U.S.
Enterprise Tools, Inc. v. Export-Import Bank of U.S. (1983)
“12 U.S.C. § 635b. The statute also provides in § 635(a)(1) that: The bank is authorized to use all of its assets and all moneys which have been or may hereafter be allocated to or borrowed by it in the exercise of its functions.”
Authority of the Federal Financing Bank to Provide Loans to the Resolution Trust Corporation (1990)
“Two o f them received direct capital contributions from the United States, see 12 U.S.C. § 635b (1970) ($1,000,000,000 for Export-Import Bank); 15 U.”
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