22 U.S.C. § 3612a
General powers of Commission
United States · Title 22 — FOREIGN RELATIONS AND INTERCOURSE · Status: effective
Cite this
- Citation
- 22 U.S.C. § 3612a, General powers of Commission, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/457337
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Full text
The Commission may adopt, alter, and use a corporate seal, which shall be judicially noticed.
The Commission may by action of the Board of Directors adopt, amend, and repeal bylaws governing the conduct of its general business and the performance of the powers and duties granted to or imposed upon it by law.
The Commission may sue and be sued in its corporate name, except that—
The Commission may enter into contracts, leases, agreements, or other transactions.
The Commission—
The Commission shall have the priority of the Government of the United States in the payment of debts out of bankrupt estates.
The authority of the Commission under this section and section 3612b of this title is subject to the Panama Canal Treaty of 1977 and related agreements, and to chapter 91 of title 31.
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.
- An act to provide for the operation and maintenance of the Panama Canal under the Panama Canal Treaty of 1977, and for other purposes.House: no recorded tallySenate: no recorded tally
- National Defense Authorization Act for Fiscal Year 1996
- National Defense Authorization Act for Fiscal Year 1998