12 U.S.C. § 631
False representations as to liability of United States for acts of corporation; punishment
United States · Title 12 — BANKS AND BANKING · Status: effective
Cite this
- Citation
- 12 U.S.C. § 631, False representations as to liability of United States for acts of corporation; punishment, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/437460
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Full text
Whoever being connected in any capacity with any corporation organized under this subchapter, represents in any way that the United States is liable for the payment of any bond or other obligation, or the interest thereon, issued or incurred by any corporation organized under this subchapter, or that the United States incurs any liability in respect of any act or omission of the corporation, shall be punished by a fine or 11 So in original. Probably should be “of”. not more than $10,000 and by imprisonment for not more than five years.
Legislative history
The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone. The law that originally enacted this section predates the public laws loaded here, so only later amendments are listed.
- Federal Deposit Insurance Corporation Improvement Act of 1991House: no recorded tallySenate: 68–15