12 U.S.C. § 1453 : US Code - Section 1453: Capitalization of Federal Home Loan Mortgage Corporation
Search 12 U.S.C. § 1453 : US Code - Section 1453: Capitalization of Federal Home Loan Mortgage Corporation
(a) Common stock; issuance
The common stock of the Corporation shall consist of voting
common stock, which shall be issued to such holders in the manner
and amount, and subject to any limitations on concentration of
ownership, as may be established by the Corporation.
(b) Par value
The voting common stock shall have such par value and other
characteristics as the Corporation provides. The voting common
stock shall be vested with all voting rights, each share being
entitled to 1 vote. The free transferability of the voting common
stock at all times to any person, firm, corporation or other entity
shall not be restricted except that, as to the Corporation, it
shall be transferable only on the books of the Corporation.
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Purchase and sale of mortgages; residential mortgages; conventional mortgages; terms and conditions of sale or other disposition; authority to enter into, perform, and carry out transactions