# 7 U.S.C. § 607: Sale by Secretary; additional options; validation of assignments; publication of information

> Federal · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/usc_t7_s607

## Section

- **Citation:** 7 U.S.C. § 607
- **Heading:** Sale by Secretary; additional options; validation of assignments; publication of information
- **Jurisdiction:** Federal
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** September 9, 2026
- **Source:** Publisher's official text
- **Location:** Title 7—AGRICULTURE > CHAPTER 26—AGRICULTURAL ADJUSTMENT > SUBCHAPTER II—COTTON OPTION CONTRACTS

## Text

The Secretary shall sell cotton held or acquired by him pursuant to authority of this chapter at his discretion subject only to the conditions and limitations of this chapter: Provided , That the Secretary shall have authority to enter into option contracts with producers of cotton to sell to or for the producers such cotton held and/or acquired by him in such amounts and at such prices and upon such terms and conditions as he, the Secretary, may deem advisable, and such option contracts may be transferred or assigned in such manner as the Secretary of Agriculture may prescribe.

Notwithstanding any provisions contained in option contracts heretofore issued and/or any provision of law, assignments made prior to January 11, 1934 , of option contracts exercised prior to January 18, 1934 , shall be deemed valid upon determination by the Secretary that such assignment was an assignment in good faith of the full interest in such contract and for full value and is free from evidence of fraud or speculation by the assignee.

Notwithstanding any provision of existing law, the Secretary of Agriculture may, in the administration of this chapter, make public such information as he deems necessary in order to effectuate the purposes of this chapter.

( May 12, 1933, ch. 25 , title I, § 7, 48 Stat. 34 ; June 16, 1933, ch. 90 , title II, § 221, 48 Stat. 210 ; Aug. 24, 1935, ch. 641, § 33 , 49 Stat. 775 .)

## Nearby sections

- [7 U.S.C. § 601 Declaration of conditions](https://www.frixlaw.com/law-library/statutes/usc_t7_s601.md)
- [7 U.S.C. § 602 Declaration of policy; establishment of price basing period; marketing standards; orderly supply flow; circumstances for continued regulation](https://www.frixlaw.com/law-library/statutes/usc_t7_s602.md)
- [7 U.S.C. § 603 Government owned cotton; transfer to Secretary of Agriculture; powers of Secretary](https://www.frixlaw.com/law-library/statutes/usc_t7_s603.md)
- [7 U.S.C. § 604 Borrowing money; expenditures; authority of Secretary](https://www.frixlaw.com/law-library/statutes/usc_t7_s604.md)
- [7 U.S.C. § 605 Repealed. June 30, 1947, ch. 166 , title II, § 206(d), 61 Stat. 208](https://www.frixlaw.com/law-library/statutes/usc_t7_s605.md)
- [7 U.S.C. § 606 Repealed. Aug. 24, 1935, ch. 641, § 34 , 49 Stat. 775](https://www.frixlaw.com/law-library/statutes/usc_t7_s606.md)
- [7 U.S.C. § 607 Sale by Secretary; additional options; validation of assignments; publication of information](https://www.frixlaw.com/law-library/statutes/usc_t7_s607.md)
- [7 U.S.C. § 608 Powers of Secretary](https://www.frixlaw.com/law-library/statutes/usc_t7_s608.md)
- [7 U.S.C. § 608–1 Omitted](https://www.frixlaw.com/law-library/statutes/usc_t7_s608%E2%80%931.md)
- [7 U.S.C. § 608a Enforcement of chapter](https://www.frixlaw.com/law-library/statutes/usc_t7_s608a.md)
- [7 U.S.C. § 608a–1 Repealed. Sept. 1, 1937, ch. 898 , title V, § 510, 50 Stat. 916](https://www.frixlaw.com/law-library/statutes/usc_t7_s608a%E2%80%931.md)
- [7 U.S.C. § 608b Marketing agreements; exemption from anti-trust laws; inspection requirements for handlers not subject to agreements](https://www.frixlaw.com/law-library/statutes/usc_t7_s608b.md)
- [7 U.S.C. § 608c Orders](https://www.frixlaw.com/law-library/statutes/usc_t7_s608c.md)
- [7 U.S.C. § 608c–1 Repealed. June 29, 1945, ch. 196 , 59 Stat. 263](https://www.frixlaw.com/law-library/statutes/usc_t7_s608c%E2%80%931.md)

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/usc_t7_s607. Check the current official text before relying on it. Not legal advice.