licensing power
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 368 U.S. 146 - Federal Land Bank of Wichita v. Board of County Commissioners · 1961Most cited · 132 citing opinions
Analytically, the power given to the Farm Credit Administration by § 781 Fourth (b) is a licensing power, not a rulemaking, an adjudicating, or an investigating power. The regulation states that federal land banks have permission to retain mineral interests longer than five years. This is an exercise of the power to license, not a delegation of it.