§ 70102 - Organization

CHAPTER 701— FLEET RESERVE ASSOCIATION

(a) Fleet Reserve Association (in this chapter, the “corporation”), a nonprofit corporation incorporated in Pennsylvania, is a federally chartered corporation.

(b) If the corporation does not comply with any provision of this chapter, the charter granted by this chapter expires.

Notes

Historical and Revision Notes RevisedSectionSource (U.S. Code)Source (Statutes at Large) 70102(a)36:5601.Sept. 23, 1996, Pub. L. 104–201, title XVIII, §§ 1801, 1814 (related to termination of charter), 1815, 110 Stat. 2760, 2762. 70102(b)36:5613 (related to termination of charter).36:5614.

This section is substituted for the source provisions for consistency in the revised title and to eliminate unnecessary words.

Editorial Notes

Amendments

2000—Subsec. (a). Pub. L. 106–398 substituted “Pennsylvania” for “Delaware”.