The purposes of this title include the partition of the Federal National Mortgage Association as heretofore existing into two separate and distinct corporations, each of which shall have continuity and corporate succession as a separated portion of the previously existing corporation. One of such corporations, to be known as Federal National Mortgage Association, will be a Government-sponsored private corporation, will retain the assets and liabilities of the previously existing corporation accounted for under , and will continue to operate the secondary market operations authorized by such section 1719. The other, to be known as Government National Mortgage Association, will remain in the Government, will retain the assets and liabilities of the previously existing corporation accounted for under sections 1720 and 1721 of this title, and will continue to operate the special assistance functions and management and liquidating functions authorized by such sections 1720 and 1721.
Structure US Code
SUBCHAPTER III— NATIONAL MORTGAGE ASSOCIATIONS
§ 1716. Declaration of purposes of subchapter
§§ 1716–1, 1716a. Repealed. , title II, § 206,
§ 1717. Federal National Mortgage Association and Government National Mortgage Association
§ 1718. Capitalization of Federal National Mortgage Association
§ 1719. Secondary market operations
§ 1720. Repealed. [title IV, § 483(a)], ,
§ 1721. Management and liquidation functions of Government National Mortgage Association
§ 1723d. Transfer of certain functions to Association
§ 1723e. Repealed. [title IV, § 483(a)], ,