Page:United States Statutes at Large Volume 74.djvu/449

This page needs to be proofread.
[74 Stat. 409]
[74 Stat. 409]
PUBLIC LAW 86-000—MMMM. DD, 1960

74

STAT.]

PUBLIC LAW 86-622-JULY 12, 1960

SEC. 2. Subdivision a. of section 17 of the Bankruptcy Act, as amended (11 U.S.C. 35a), is amended to read as follows: "a. A discharge in bankruptcy shall release a bankrupt from all of his provable debts, whether allowable in full or in part, except such as (1) are due as a tax levied by the United States, or any State, county, district, or municipality; (2) are liabilities for obtaining money or property by false pretenses or false representations, or for obtaining money or property on credit or obtaining an extension or renewal of credit in reliance upon a materially false statement in writing respecting his financial condition made or published or caused to be made or published in any manner whatsoever with intent to deceive, or for willful and malicious injuries to the person or property qf another, or for alimony due or to become due, or for maintenance or support of wife or child, or for.seduction of an unmarried female, or for breach of promise of marriage accompanied by seduction, or for criminal conversation; (3) have not been duly scheduled in time for roof and allowance, with the name of the creditor if known to the ankrupt, unless such creditor had notice or actual knowledge of the proceedings in bankruptcy; (4) were created by his fraud, embezzlement, misappropriation or defalcation while acting as an officer or in any fiduciary capacity; (5) are for wages which have been earned within three months before the date of commencement of the proceedings in bankruptcy due to workmen, servants, clerks, or traveling or city salesmen, on salary or commission basis, whole or part time, whether or not selling exclusively for the bankrupt; or (6) are due for moneys of an employee received or retained by his employer to secure the faithful performance by such employee of the terms of a contract of employment." Approved July 12, 1960.

409 ^^ ^*°** ^'^^'

E

Public Law 86-622 AN ACT To amend the Civil Service Retirement Act so as to provide for disposition of contributions in the case of annuitants whose lengtli of service exceeds the amount necessary to provide the maximum annuity allowable under such Act, and for other purposes.

July 12, 1960 [s. 28,5 7]

Be it enacted by the Senate and House of Representatives of the > ic United States of America in Congress assembled, That (a) section 11 R eCivil m S net r vAct,e tire e mendment. of the Civil Service Ketirement Act (5 U.S.C. 2261) is amended by "^"^n^sJ^f * 70 Stat. 755. adding at the end thereof a new subsection as follows: " (h) Any amounts deducted and withheld from the basic salary of an employee or Member from the first day of the first month which begins after he shall have performed sufficient service (exclusive of any service which the employee or Member elects to eliminate for purposes of annuity computation under section 9) to entitle him to the maximum annuity provided by section 9, together with interest on such amounts at the rate of 3 per centum per annum compounded annually from the date of such deductions to the date of retirement or death, shall be applied toward any deposit due under section 4, and any balance not so required shall be deemed to be a voluntary contribution for the purposes of section 12." (b) The amendment made by subsection (a) of this section shall be effective only with respect to employees or Members separated from the service after the date of enactment of this Act.