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12 U.S.C. § 4709 - U.S. Code - Unannotated Title 12. Banks and Banking § 4709. Encouragement of private entities

Current as of January 01, 2024 | Updated by Findlaw Staff

The Fund may facilitate the organization of corporations in which the Federal Government has no ownership interest. The purpose of any such entity shall be to assist community development financial institutions in a manner that is complementary to the activities of the Fund under this subchapter. Any such entity shall be managed exclusively by persons not employed by the Federal Government or any agency or instrumentality thereof, or by any State or local government or any agency or instrumentality thereof.

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Cite this article: FindLaw.com - 12 U.S.C. § 4709 - U.S. Code - Unannotated Title 12. Banks and Banking § 4709. Encouragement of private entities - last updated January 01, 2024 | https://codes.findlaw.com/us/title-12-banks-and-banking/12-usc-sect-4709/

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