42 U.S.C. § 2361
Contract to purchase by priority purchaser
- Code
- United States Code
- Title
- 42
- Section
- 2361
- Text current through
- Pub. L. 119-111
What does the statute say?
§ 2361. Contract to purchase by priority purchaser
The Commission may, in the sale of any single-family or duplex house to a priority purchaser, enter into a contract to purchase which provides that the purchaser shall conclude his purchase within not more than three years after the date the contract is entered into. Such contracts to purchase shall provide for such periodic payments, including payments on account of principal, interest, or tax equivalents, as the Commission shall prescribe.
(Aug. 4, 1955, ch. 543, ch. 6, § 61, 69 Stat. 478.)
Statutory Notes and Related Subsidiaries
Transfer of Functions
Atomic Energy Commission abolished and functions transferred by sections 5814 and 5841 of this title. See also Transfer of Functions notes set out under those sections.
The text is copied from the official source: uscode.house.gov. This is the stored text for research. It is not legal advice; check the official source before you rely on it.