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7 U.S.C. · Agriculture
7 U.S.C. § 2009cc13

Additional penalties for noncompliance

Ch. 50 — AGRICULTURAL CREDIT
Title 7 U.S.C. ● ACTIVE Primary Source Ch. 50
Statutory Text

7 U.S.C. § 2009cc13 — Additional penalties for noncompliance

U.S.C. Title 7 - AGRICULTURE 7 U.S.C. United States Code, 2023 Edition Title 7 - AGRICULTURE CHAPTER 50 - AGRICULTURAL CREDIT SUBCHAPTER VIII - RURAL BUSINESS INVESTMENT PROGRAM Sec. 2009cc-13 - Additional penalties for noncompliance From the U.S. Government Publishing Office, www.gpo.gov

§2009cc–13. Additional penalties for noncompliance

(a) In general With respect to any rural business investment company that violates or fails to comply with this subchapter (including any rule, regulation, order, or participation agreement under this subchapter), the Secretary may, in accordance with this section— (1) void the participation agreement between the Secretary and the rural business investment company; and (2) cause the rural business investment company to forfeit all of the rights and privileges derived by the rural business investment company under this subchapter. (b) Adjudication of noncompliance (1) In general Before the Secretary may cause a rural business investment company to forfeit rights or privileges under subsection (a), a court of the United States of competent jurisdiction must find that the rural business investment company committed a violation, or failed to comply, in a cause of action brought for that purpose in the district, territory, or other place subject to the jurisdiction of the United States, in which the principal office of the rural business investment company is located. (2) Parties authorized to file causes of action Each cause of action brought by the United States under this subsection shall be brought by the Secretary or by the Attorney General.

(Pub. L. 87–128, title III, §384N, as added Pub. L. 107–171, title VI, §6029, May 13, 2002, 116 Stat. 400.)

Source: uscode.house.gov — public domain Official Source ↗
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◈ Machine-Readable Provenance Record Root-LD v1.0 · boisestandard.org
Federation ID
BS-USC07-SEC-44A227
Entity Class
STATUTE / FEDERAL-CODE-SECTION
Domain Signature
boisestandard.org
Citation
7 U.S.C. § 2009cc13
Jurisdiction
Federal — United States
Status
✓ ACTIVE
Source
PRIMARY-SOURCE
Source Verified
✓ TRUE
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4f4f2529c5f28eb5...
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Pending — corpus passes queued
The statutory text of 7 U.S.C. § 2009cc13 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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← 7 U.S.C. § 2009cc12 7 U.S.C. § 2009cc14 →
Ch. 50 — AGRICULTURAL CREDIT
7 U.S.C. § 19217 U.S.C. § 19227 U.S.C. § 19237 U.S.C. § 19247 U.S.C. § 19257 U.S.C. § 19267 U.S.C. § 192617 U.S.C. § 1926a7 U.S.C. § 1926b7 U.S.C. § 1926c7 U.S.C. § 1926d7 U.S.C. § 1926e7 U.S.C. § 1926f7 U.S.C. § 19277 U.S.C. § 1927a7 U.S.C. § 19287 U.S.C. § 19297 U.S.C. § 192917 U.S.C. § 1929a7 U.S.C. § 1929b7 U.S.C. § 19307 U.S.C. § 19317 U.S.C. § 19327 U.S.C. § 19337 U.S.C. § 19347 U.S.C. § 19357 U.S.C. § 19367 U.S.C. § 1936a7 U.S.C. § 1936b7 U.S.C. § 1936c
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