(a) Definition.— In this section, the term “Federal Government” includes wholly owned Government corporations, and officers and employees of the Government or its executive departments, independent establishments, and agencies while acting in their official capacity.
(b) Authority To Make Agreement.— The Secretary of the Treasury may make and deliver, on behalf of the Federal Government, a binding agreement of indemnity the Secretary considers necessary and proper to enable the Government to obtain the replacement of any instrument or document—
(1)received by the Government or an agent of the Government in the agent’s official capacity; and
(2)which, after having been received, is lost, destroyed, or so mutilated as to impair its value.
(c) When Federal Government Not Obligated.— The Government is not obligated under an agreement of indemnity if the obligee named in the agreement makes a payment or delivery not required by law on the original of the instrument or document covered by the agreement.
(d) Use of Fund for the Payment of Government Losses in Shipment.— The fund described in section
17303 of this title is available to pay any obligation arising out of an agreement the Secretary makes under this section.
July 8, 1937, ch. 444, § 3b, as added Aug. 10, 1939, ch. 665, § 2, 53 Stat. 1359.
40:725 (1st sentence proviso).
40:725 (last sentence).
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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