12 U.S.C. § 1459

Current through P.L. 118-107 (published on www.congress.gov on 11/21/2024)

Section 1459 - Separability

Notwithstanding any other evidences of the intention of Congress, it is hereby declared to be the controlling intent of Congress that if any provision of this chapter, or the application thereof to any person or circumstances, is held invalid, the remainder of this chapter, or the application of such provision to persons or circumstances other than those as to which it is held invalid, shall not be affected thereby.

12 U.S.C. § 1459

Pub. L. 91-351 §310, July 24, 1970, 84 Stat. 457; Pub. L. 101-73 §731(l), Aug. 9, 1989, 103 Stat. 435.

EDITORIAL NOTES

AMENDMENTS1989- Pub. L. 101-73 amended section catchline and struck out first sentence which read as follows: "Except as otherwise provided in this chapter, or as otherwise provided by the Corporation or by laws hereafter enacted by the Congress expressly in limitation of provisions of this chapter, the powers and functions of the Corporation and of the Board of Directors shall be exercisable, and the provisions of this chapter shall be applicable and effective, without regard to any other law."

person

The term "person" means an individual, partnership, company, corporation, association (incorporated or unincorporated), trust, estate, cooperative organization, or other entity.