Whoever, being an officer or employee of, or person acting for the United States or any agency thereof, accepts any fee, commission, gift, or other consideration in connection with the compromise, adjustment, or cancellation of any farm indebtedness as provided by sections
1150b of Title
12, shall be fined under this title or imprisoned not more than one year, or both.
Based on section
1150c(b) of title
12, U.S.C., 1940 ed., Banks and Banking (Dec. 20, 1944, ch. 623, § 4(b),58 Stat. 837).
Words “upon conviction thereof” were omitted as surplusage, since punishment cannot be imposed until after conviction.
Other changes were made in phraseology without change of substance.
A prior section
217 was renumbered section
212 of this title and subsequently repealed.
1994—Pub. L. 103–322substituted “fined under this title” for “fined not more than $1,000”.
The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.
The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013
An empty table indicates that we see no relevant changes listed in the classification tables. If you suspect that our system may be missing something, please double-check with the Office of the Law Revision Counsel.
Description of Change
Statutes at Large
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