15 U.S.C. § 646

Current through P.L. 118-106 (published on www.congress.gov on 10/04/2024)

Section 646 - Liens

Any interest held by the Administration in property, as security for a loan, shall be subordinate to any lien on such property for taxes due on the property to a State, or political subdivision thereof, in any case where such lien would, under applicable State law, be superior to such interest if such interest were held by any party other than the United States.

15 U.S.C. § 646

Pub. L. 85-536, §2 [17], July 18, 1958, 72 Stat. 396.

EDITORIAL NOTES

PRIOR PROVISIONSSection 217 of act July 30, 1953, ch. 282, title II, 67 Stat. 239, was previously classified to this section. See section 640 of this title, and Codification note set out under section 631 of this title.

Administration

the terms "Administration" and "Administrator" mean the Small Business Administration and the Administrator thereof, respectively; and