Volume 75
Public Law 87–185
To authorize acceptance of an amendment to the articles of agreement of the International Finance Corporation permitting investment in capital stock.
Approved August 30, 1961
Statutory text
AN ACT
To authorize acceptance of an amendment to the articles of agreement of the International Finance Corporation permitting investment in capital stock.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
That section 5 of
International Finance Corporation Act, amendment.
Investment in capital stock.
the International Finance Corporation Act (22 U.S.C. 282c) is amended by adding immediately after the first sentence thereof the following: “The United States Governor of the Corporation is authorized to agree to an amendment to article III of the articles of agreement of the Corporation to authorize the Corporation to make investments of its funds in capital stock and to limit the exercise of voting rights by the Corporation unless exercise of such rights is deemed necessary by the Corporation to protect its interests, as proposed in the resolution submitted by the Board of Directors on February 20, 1961.”
Approved August 30, 1961.