§ 1459. — Separability.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC1459]
TITLE 12--BANKS AND BANKING
CHAPTER 11A--FEDERAL HOME LOAN MORTGAGE CORPORATION
Sec. 1459. Separability
Notwithstanding any other evidences of the intention of Congress, it
is hereby declared to be the controlling intent of Congress that if any
provision of this chapter, or the application thereof to any person or
circumstances, is held invalid, the remainder of this chapter, or the
application of such provision to persons or circumstances other than
those as to which it is held invalid, shall not be affected thereby.
(Pub. L. 91-351, title III, Sec. 310, July 24, 1970, 84 Stat. 457; Pub.
L. 101-73, title VII, Sec. 731(l), Aug. 9, 1989, 103 Stat. 435.)
Amendments
1989--Pub. L. 101-73 amended section catchline and struck out first
sentence which read as follows: ``Except as otherwise provided in this
chapter, or as otherwise provided by the Corporation or by laws
hereafter enacted by the Congress expressly in limitation of provisions
of this chapter, the powers and functions of the Corporation and of the
Board of Directors shall be exercisable, and the provisions of this
chapter shall be applicable and effective, without regard to any other
law.''