---
kind: "section"
citation: "42 U.S.C. § 2366"
title: "42"
title_heading: "The Public Health and Welfare"
number: "2366"
heading: "Conditions of indemnity; purchase of property by Commission"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/42/2366"
units:
  - "Chapter 24 — Disposal of Atomic Energy Communities"
  - "Subchapter V — Financing"
---

# §2366. Conditions of indemnity; purchase of property by Commission


The [Commission](/usc/42/2304.md?p=a) shall make the indemnity payment specified by [section 2365 of this title](/usc/42/2365.md) only if the [Commission](/usc/42/2304.md?p=a) receives a notice from the then [owner](/usc/42/13641.md?p=4) of the property that he is about to sell the property for a sum less than the unpaid balance of the real or hypothetical loan calculated pursuant to such section. Such payment shall be made only if—

- (a) notice is given to the [Commission](/usc/42/2304.md?p=a) at a time when the conditions of [section 2364 of this title](/usc/42/2364.md) are satisfied;
- (b) the sale is made within such time as the [Commission](/usc/42/2304.md?p=a) may prescribe and in a manner which the [Commission](/usc/42/2304.md?p=a) determined to afford adequate assurance of a fair price without excessive costs; and
- (c) the [Commission](/usc/42/2304.md?p=a) is given such prior notice of the sale and such opportunity to become a purchaser as it shall prescribe.

In such circumstances the [Commission](/usc/42/2304.md?p=a) is authorized to purchase the property. Sales pursuant to this section and payment by the [Commission](/usc/42/2304.md?p=a) of such amount, if any, as is owing pursuant to sections [2363](/usc/42/2363.md) to 2366 of this title shall end the obligation of the [Commission](/usc/42/2304.md?p=a) under sections [2363](/usc/42/2363.md) to 2366 of this title with respect to that property.


## Source credit

(Aug. 4, 1955, ch. 543, ch. 6, § 66, 69 Stat. 479.)

## Notes

### Statutory Notes and Related Subsidiaries

### Transfer of Functions

Atomic Energy Commission abolished and functions transferred by sections 5814 and 5841 of this title. See also Transfer of Functions notes set out under those sections.