Capital stock increase

22 U.S.C. § 282l
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
(a) Subscription authorized(1) In generalThe United States Governor of the Corporation may—(A) vote for an increase of 1,000,000 shares in the authorized capital stock of the Corporation; and (B) subscribe on behalf of the United States to 250,000 additional shares of the capital stock of the Corporation. (2) Prior appropriation requiredThe subscription authority provided in paragraph (1) shall be effective only to such extent or in such amounts as are provided in advance in appropriations Acts. (b) Limitations on authorization of appropriationsIn order to pay for the subscription authorized in subsection (a), there are authorized to be appropriated, without fiscal year limitation, $50,000,000 for payment by the Secretary of the Treasury.

Starting a business? Corpus forms LLCs in all 50 states and DC.