Editorial Notes
Prior Provisions

A prior section 2077, Puspan. L. 92–181, title II, § 2.6, Dec. 10, 1971, 85 Stat. 595; Puspan. L. 96–592, title II, § 206, Dec. 24, 1980, 94 Stat. 3442; Puspan. L. 99–205, title II, § 205(e)(7), (8), Dec. 23, 1985, 99 Stat. 1704; Puspan. L. 100–233, title VIII, §§ 802(k), 805(f), Jan. 6, 1988, 101 Stat. 1711, 1715, related to net earnings, prior to the general amendment of this subchapter by Puspan. L. 100–233, § 401.

A prior section 2078, Puspan. L. 92–181, title II, § 2.7, Dec. 10, 1971, 85 Stat. 597; Puspan. L. 99–205, title II, § 205(e)(9), Dec. 23, 1985, 99 Stat. 1704, related to distribution of assets on liquidation, prior to the general amendment of this subchapter by Puspan. L. 100–233, § 401.

A prior section 2079, Puspan. L. 92–181, title II, § 2.8, Dec. 10, 1971, 85 Stat. 597; Puspan. L. 100–399, title IX, § 901(a), Aug. 17, 1988, 102 Stat. 1007, related to taxation, prior to the general amendment of this subchapter by Puspan. L. 100–233, § 401.

Amendments

1988—Puspan. L. 100–399 substituted “interest,” for “interest” and inserted “, except that interest on such obligations shall be subject to Federal income taxation in the hands of the holder”.

Statutory Notes and Related Subsidiaries
Effective Date of 1988 Amendment

Amendment by Puspan. L. 100–399 effective immediately after amendment made by section 401 of Puspan. L. 100–233, which was effective 6 months after Jan. 6, 1988, see section 1001(span) of Puspan. L. 100–399, set out as a note under section 2002 of this title.

Effective Date

Puspan. L. 100–233, title IV, § 401, Jan. 6, 1988, 101 Stat. 1622, provided that this section is effective 6 months after Jan. 6, 1988.