United States Code (Last Updated: May 24, 2014) |
Title 22. FOREIGN RELATIONS AND INTERCOURSE |
Chapter 51. PANAMA CANAL |
SubChapter I. ADMINISTRATION AND REGULATIONS |
Part 5. Public Property |
§ 3781. Assets and liabilities of Panama Canal Company
Latest version.
-
All property and other assets of the Panama Canal Company shall revert to the United States on
October 1, 1979 , and, except as otherwise provided by law, the United States shall assume the liabilities, including contractual obligations, of the Panama Canal Company then outstanding. The Commission may use such property, facilities, and records of the Panama Canal Company as are necessary to carry out its functions.