7 U.S.C. § 938

Current through P.L. 118-106 (published on www.congress.gov on 10/04/2024)

Section 938 - Full faith and credit of the United States

Any contract of insurance or guarantee executed by the Secretary under this subchapter shall be an obligation supported by the full faith and credit of the United States and incontestable except for fraud or misrepresentation of which the holder had actual knowledge at the time it became a holder.

7 U.S.C. § 938

May 20, 1936, ch. 432, title III, §308, as added Pub. L. 93-32, §2, May 11, 1973, 87 Stat. 70; amended Pub. L. 94-124, §2, Nov. 4, 1975, 89 Stat. 677; Pub. L. 103-354, title II, §235(a)(13), Oct. 13, 1994, 108 Stat. 3221.

EDITORIAL NOTES

AMENDMENTS1994- Pub. L. 103-354 substituted "Secretary" for "Administrator". 1975- Pub. L. 94-124 substituted "of which the holder had actual knowledge at the time it became a holder" for "of which the holder has actual knowledge".

STATUTORY NOTES AND RELATED SUBSIDIARIES

EFFECTIVE DATESection effective May 11, 1973, see section 12 of Pub. L. 93-32 set out as a note under section 930 of this title.

Secretary

The term "Secretary" means the Secretary of Agriculture.