(a) Federal Charter.—Fleet Reserve Association (in this chapter, the "corporation"), a nonprofit corporation incorporated in Pennsylvania, is a federally chartered corporation.
(b) Expiration of Charter.—If the corporation does not comply with any provision of this chapter, the charter granted by this chapter expires.
Historical and Revision Notes Revised SectionSource (U.S. Code)Source (Statutes at Large)70102(a) 36:5601. Sept. 23, 1996, Pub. L. 104–201, title XVIII, §§1801, 1814 (related to termination of charter), 1815, 110 Stat. 2760, 2762. 70102(b) 36:5613 (related to termination of charter).36:5614.This section is substituted for the source provisions for consistency in the revised title and to eliminate unnecessary words.AMENDMENTS 2000—Subsec. (a). Pub. L. 106–398 substituted "Pennsylvania" for "Delaware".
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