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§ 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.''



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