18 U.S.C. § 335
Section 335 · Circulation of obligations of expired corporations
Amended 2 times on record
Applied in 6 court decisions — leading case Clark v. Associated Retail Credit Men of Washington (1939)
Most recently applied in Clark v. Associated Retail Credit Men of Washington (April 1939)
How often courts cite this section
Court decisions citing this, by year.Markers show enactment, consequential amendments, and circuit splits over this section — watch for a citation surge after a change or a disagreement. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
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.
Editorial notes U.S. Code · Office of the Law Revision Counsel
Historical and Revision Notes
Based on title 18, U.S.C., 1940 ed., §289 (Mar. 4, 1909, ch. 321, §174, 35 Stat. 1122).
The reference to persons aiding was omitted as unnecessary, since such persons are made principals by section 2 of this title.
The last sentence excepting bona fide holders in due course was omitted as surplusage.
Other changes in phraseology also were made.
Amendments
1994—Pub. L. 103–322 substituted “fined under this title” for “fined not more than $10,000”.