15 U.S.C. § 714n

Transfer of assets of Commodity Credit Corporation, a Delaware corporation

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The assets, funds, property, and records of Commodity Credit Corporation, a Delaware corporation, are transferred to the Corporation. The rights, privileges, and powers, and the duties and liabilities of Commodity Credit Corporation, a Delaware corporation, in respect to any contract, agreement, loan, account, or other obligation shall become the rights, privileges, and powers, and the duties and liabilities, respectively, of the Corporation. The enforceable claims of or against Commodity Credit Corporation, a Delaware corporation, shall become the claims of or against, and may be enforced by or against, the Corporation: Provided, That nothing in this subchapter shall limit or extend any period of limitation otherwise applicable to such claims against the Corporation.

Notes of Decisions

Cited in 4 cases, 1952–1989 · leading case: United States v. Lindsay, 105 F. Supp. 467 (D. Mass. 1952).

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United States v. Lindsay, 105 F. Supp. 467 (D. Mass. 1952). “See 15 U.S.C.A. § 714n. This act also provided for a four-year period of limitations which was extended to six years by amendment in June, 1949, 63 Stat.”

Availability of the Judgment Fund for the Payment of Judgments or Settlements in Suits Brought Against the Commodity Credit Corp. Under the Fed. Tort Claims Act (OLC 1989). “CCC Charter Act § 16 (codified at 15 U.S.C. § 714n). III. Analysis The Automatic Payment of Judgments Act was not designed to shift lia bility to the United States Treasury from agencies that had specific and express statutory authority to pay judgments and settlements out o f…”

United States v. Turlock Dehydrating & Packing Co., 116 F. Supp. 822 (N.D. Cal. 1953). “The claims of the Delaware corporation have been transferred to Commodity by virtue of 15 U.S.C.A. § 714n. The references to Commodity in the complaint are to the Delaware corporation.”

Rosenberg Bros. & Co. v. Commodity Credit Corp., 128 F. Supp. 764 (N.D. Cal. 1955). “The court in arriving at the foregoing figure has considered the variables: the price actually paid for the raisins purchased, the period of time during which the purchases were made, the level of the market had- the government not intervened in the program on October 14, 1947,…”

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