Summary

Portrait of Stanley Forman Reed Stanley Forman Reed,  United States v. Lindsay — Dissent

“ As the corporation had played a major part since its organization in 1933 in the purchase, storage and financing of American agricultural products, large claims had accumulated in its favor and against it over the years. S.Rep. No. 1022, 80th Cong., 2d Sess. If the problem here presented was res integra, the existence of old claims, not then barred by limitation, would lead me to interpret the words, 'brought within six years after the right accrued', as prospective only to avoid imputing to Congress unreasonable and arbitrary destruction of valid claims for and against the corporation. ”
Source: Wikisource

Portrait of Stanley Forman Reed Stanley Forman Reed,  United States v. Lindsay — Dissent

“ Prior to the passage of the Act in question, a Delaware corporation of the same name as the federal agency created by the Commodity Credit Corporation Charter Act of 1948 existed and operated. 15 U.S.C. (Supp. III) § 713, 15 U.S.C.A. § 713. It had claims and obligations which were unaffected by their transfer to the present corporation by the Charter Act. The earlier Delaware corporation was a wholly owned agency of the United States without statutory limitation, state or federal, on its right to sue upon its claims. United States v. ”
Source: Wikisource

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