---
kind: "section"
citation: "15 U.S.C. § 77ii"
title: "15"
title_heading: "Commerce and Trade"
number: "77ii"
heading: "Subscriptions accepted by Corporation as loans; repayment"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/15/77ii"
units:
  - "Chapter 2A — Securities and Trust Indentures"
  - "Subchapter II — Foreign Securities"
---

# §77ii. Subscriptions accepted by Corporation as loans; repayment


The Corporation may receive subscriptions from any [person](/usc/15/77b.md?p=a-2), foundation with a public purpose, or agency of the United States Government, and such subscriptions may, in the discretion of the board of directors, be treated as loans repayable when and as the board of directors shall determine.


## Source credit

(May 27, 1933, ch. 38, title II, § 208, 48 Stat. 95.)