22 USC 282n: Authority to agree to amendments to Articles of Agreement
Text contains those laws in effect on November 30, 2024
From Title 22-FOREIGN RELATIONS AND INTERCOURSECHAPTER 7-INTERNATIONAL BUREAUS, CONGRESSES, ETC.SUBCHAPTER XI-INTERNATIONAL FINANCE CORPORATION
Jump To: Source Credit
§282n. Authority to agree to amendments to Articles of Agreement
The United States Governor of the Corporation is authorized to agree to amendments to the Articles of Agreement of the Corporation that would-
(1) amend Article II, Section 2(c)(ii), to increase the vote by which the Board of Governors of the Corporation may increase the capital stock of the Corporation from a three-fourths majority to a four-fifths majority; and
(2) amend Article VII(a) to increase the vote by which the Board of Governors of the Corporation may amend the Articles of Agreement of the Corporation from a four-fifths majority to an eighty-five percent majority.
(Aug. 11, 1955, ch. 788, §16, as added