18 U.S.C. § 433

Exemptions with respect to certain contracts

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Sections 431 and 432 of this title shall not extend to any contract or agreement made or entered into, or accepted by any incorporated company for the general benefit of such corporation; nor to the purchase or sale of bills of exchange or other property where the same are ready for delivery and payment therefor is made at the time of making or entering into the contract or agreement. Nor shall the provisions of such sections apply to advances, loans, discounts, purchase or repurchase agreements, extensions, or renewals thereof, or acceptances, releases or substitutions of security therefor or other contracts or agreements made or entered into under the Reconstruction Finance Corporation Act, the Agricultural Adjustment Act, the Federal Farm Loan Act, the Emergency Farm Mortgage Act of 1933, the Farm Credit Act of 1933, or the Home Owners Loan Act of 1933, the Farmers’ Home Administration Act of 1946, the Bankhead-Jones Farm Tenant Act, or to crop insurance agreements or contracts or agreements of a kind which the Secretary of Agriculture may enter into with farmers.

Any exemption permitted by this section shall be made a matter of public record.

Notes of Decisions

Cited in 2 cases, 1981–1998 · leading case: Applicability of 18 U.S.C. §§ 431–433 to Limited Partnership Interests in Government Leases

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Applicability of 18 U.S.C. §§ 431–433 to Limited Partnership Interests in Government Leases (1998) olc · cites it 4× “…action fall within the scope of 18 U.S.C. §§431 and 432; (2) whether the “ incor porated company” exception of 18 U.S.C. §433 is applicable; and (3) whether any or all of four alternatives to the proposed transactions would violate §§431 and 432. We conclude: (1) that…”

Negotiated Sale of Foreign Gifts to Members of Congress (1981) olc · cites it 3× “These prohibitions, in turn, are subject to a number of exceptions specified in 18 U.S.C. §433 . In relevant part, § 433 provides: Sections 431 and 432 o f this title shall not extend to any contract or agreement made or entered into, or accepted by any incorporated company for…”

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