Federal · Title 18 — Crimes and Criminal Procedure

18 U.S.C. § 335: Circulation of obligations of expired corporations

Felony

What this law says, in plain English

A director, officer, agent, or trustee of an expired federally chartered corporation who knowingly circulates financial instruments purporting to be issued by that corporation commits a crime punishable by fine and/or imprisonment up to five years.

Read the full statutory text

Whoever, being a director, officer, or agent of a corporation created by Act of Congress, the charter of which has expired, or trustee thereof, or an agent of such trustee, or a person having in his possession or under his control the property of such corporation for the purpose of paying or redeeming its notes and obligations, knowingly issues, reissues, or utters as money, or in any other way knowingly puts in circulation any bill, note, check, draft, or other security purporting to have been made by any such corporation, or by any officer thereof, or purporting to have been made under authority derived therefrom, shall be fined under this title or imprisoned not more than five years, or both.

Verify at the official source: Federal legislative text

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This page is legal information, not legal advice. Code text is sourced from official publications and may lag amendments — always confirm at the official source linked above. Plain-English summaries and relationship data are AI-derived and reviewed on an ongoing basis; verify with a licensed attorney before acting.