Pub. L. 85-835, tit. V, sec. 502

Sec. 502. Section 405 of the Agricultural Act of 1949 is amended by adding at the end thereof the following: “There is authorized to be included in the terms and conditions of any such nonrecourse loan a provision whereby on and after the maturity of the loan or any extension thereof Commodity Credit Corporation shall have the right to acquire title to the unredeemed collateral without obligation to pay for any market value which such collateral may have in excess of the loan indebtedness.”