Section 2502.01.

Every flexible purpose corporation organized under the laws of this state or similar foreign flexible purpose corporation, all of the capital stock of which is beneficially owned by the United States, an agency or instrumentality of the United States or any flexible purpose corporation or similar foreign flexible purpose corporation the whole of the capital stock of which is owned by the United States or by an agency or instrumentality of the United States, is conclusively presumed to be an agency and instrumentality of the United States and is entitled to all privileges and immunities to which the holders of all of its stock are entitled as agencies of the United States.

(Added by Stats. 2011, Ch. 740, Sec. 12. Effective January 1, 2012.)