Purchasing Real Estate

[Michael Joseph]

Somebody reminded me about the location of a roundabout description for lawful money. Title 18 USC §8.

12 usc 531

Question: Why are private individuals holdings FRNs?

Legal Tender is lawful to make a use. However it is not Lawful Money. The latter seems to be a compound noun. USN's and FRNs are a legal tender to obtain a purchase in possession; however the former is lawful money and the latter is a promissory note. Both are lawful to use as a legal tender. Under section 411 if FRN's are to be issued to FR Banks [agents] and for no other authorized purpose, then why are private individuals holdings and using FRNs?

Is this adverse possession in trustee de son tort? Where is the license to use this property?

[David Merrill]

12 usc 531

Question: Why are private individuals holdings FRNs?

Legal Tender is lawful to make a use. However it is not Lawful Money. The latter seems to be a compound noun. USN's and FRNs are a legal tender to obtain a purchase in possession; however the former is lawful money and the latter is a promissory note. Both are lawful to use as a legal tender. Under section 411 if FRN's are to be issued to FR Banks [agents] and for no other authorized purpose, then why are private individuals holdings and using FRNs?

Is this adverse possession in trustee de son tort? Where is the license to use this property?

Restrictions to become a member state bank in the Fed system have been lifted. All you need to do, to show your trust, is to sign endorsement.

This image is about the best demonstration available anywhere.

[Gavilan]

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[David Merrill]

12 usc 531

Question: Why are private individuals holdings FRNs?

Legal Tender is lawful to make a use. However it is not Lawful Money. The latter seems to be a compound noun. USN's and FRNs are a legal tender to obtain a purchase in possession; however the former is lawful money and the latter is a promissory note. Both are lawful to use as a legal tender. Under section 411 if FRN's are to be issued to FR Banks [agents] and for no other authorized purpose, then why are private individuals holdings and using FRNs?

Is this adverse possession in trustee de son tort? Where is the license to use this property?

My perspective is often inverted. Why were you asking the question this way?