# Law No. 4087 of July 7, 1962

> Brazilian law

**Wikidata**: [Q105648308](https://www.wikidata.org/wiki/Q105648308)  
**Source**: https://4ort.xyz/entity/law-no-4087-of-july-7-1962

## Summary
Law No. 4087 of July 7, 1962, is a Brazilian federal statute enacted in Brasília that authorizes the Executive Branch to purchase shares of the Banco de Crédito da Amazônia S/A from the United States Government. Promulgated by President João Goulart, the law serves as a formal legal instrument for this specific financial acquisition and related provisions.

## Key Facts
- **Official Title:** Lei nº 4087, de 7 de julho de 1962
- **Alternative Citation:** Lei nº 4087/1962
- **Classification:** Statute (formal written document that creates law)
- **Publication Date:** July 7, 1962
- **Place of Publication:** Brasília, Brazil
- **Approving Authority:** Presidency of the Federative Republic of Brazil
- **Approving Official:** João Goulart (President)
- **Determination Method:** Promulgation
- **Jurisdiction:** Brazil
- **Language:** Brazilian Portuguese
- **Primary Subject:** Authorization to purchase shares of Banco de Crédito da Amazônia S/A from the U.S. Government
- **Legal Topics:** Purchasing (Aquisição), Sales (Venda), Authorization (Autorização), Activities/Actions (Ações), Executive Branch (Executivo)
- **Law Digest:** "AUTORIZA A COMPRA DE AÇÕES DO BANCO DE CREDITO DA AMAZONIA S/A, PERTENCENTE AO GOVERNO AMERICANO, E DA OUTRAS PROVIDENCIAS."
- **Lexml Brazil ID:** urn:lex:br:federal:lei:1962-07-07;4087
- **Official URL:** https://www.planalto.gov.br/ccivil_03/leis/1950-1969/l4087.htm
- **WikiProject Focus:** Listed on WikiProject Brazilian Laws

## FAQs
**What does Law No. 4087/1962 authorize?**
The law authorizes the Brazilian Executive Branch to purchase shares of the Banco de Crédito da Amazônia S/A that are owned by the United States Government.

**Who promulgated Law No. 4087/1962?**
The statute was promulgated by President João Goulart on July 7, 1962, acting through the Presidency of the Federative Republic of Brazil.

**What legal subjects does Law No. 4087/1962 address?**
The law covers purchasing (aquisição), sales (venda), authorization (autorização), activities/actions (ações), and the executive branch (Executivo).

## Why It Matters
Law No. 4087/1962 is significant as a concrete legal instrument facilitating the transfer of ownership of a strategic financial institution, Banco de Crédito da Amazônia S/A, from a foreign government (United States) to the Brazilian state. Enacted during the presidency of João Goulart, it reflects a period of state-led economic policy and assertion of national control over key financial assets. As a formal statute, it provides the necessary legal authority and framework for this transaction, ensuring it is legally binding and enforceable. This law exemplifies the function of statutes as manifestations of statutory law that govern specific government operations and financial activities.

## Notable For
- **Authorization of International Asset Acquisition:** Specifically authorizes the purchase of shares from the United States Government.
- **Target Institution:** Focuses exclusively on the Banco de Crédito da Amazônia S/A.
- **Presidential Promulgation:** Enacted by President João Goulart via promulgation.
- **Statutory Status:** Classified as a formal statute, a foundational legal document type.
- **Public Accessibility:** Full text is available via the official Planalto website.
- **Lexml Identification:** Possesses a unique Lexml Brazil identifier for standardized legal referencing.

## Body

### Legal Classification and Definition
Law No. 4087/1962 is formally classified as a **statute**, a type of formal written document that creates law. As a statute, it is a subclass of written work, document, and rule, serving as a concrete manifestation of statutory law. It is recognized as an instance of a "legal term or legal concept" and is the result of the legislative process. Its copyright status is generally in the public domain in jurisdictions like the United States and France, as it is an official legal document.

### Enactment and Authority
The statute was approved by the **Presidency of the Federative Republic of Brazil** and promulgated by **João Goulart**, who served as President at the time. The official publication date was **July 7, 1962**, and it was published in **Brasília**, the federal capital of Brazil. The act of promulgation on this date marks its official entry into force.

### Core Provisions and Purpose
The primary purpose of Law No. 4087/1962 is to authorize a specific financial transaction. The law's digest explicitly states it "AUTORIZA A COMPRA DE AÇÕES DO BANCO DE CREDITO DA AMAZONIA S/A, PERTENCENTE AO GOVERNO AMERICANO, E DA OUTRAS PROVIDENCIAS" (Authorizes the purchase of shares of the Banco de Crédito da Amazônia S/A, belonging to the American Government, and provides other measures).

The law's structured main subjects encompass several key legal concepts:
- **Purchasing (Aquisição):** The acquisition of the shares.
- **Sales (Venda):** The corresponding sale of shares by the U.S. Government.
- **Authorization (Autorização):** The legal permission granted by the statute.
- **Activity/Actions (Ações):** Referring to the financial shares and the associated activities.
- **Executive Branch (Executivo):** The branch of government authorized to execute the purchase.

### Jurisdiction, Language, and Context
This law applies to the jurisdiction of **Brazil** and is written in **Brazilian Portuguese**. Brazil, located in South America, is a federal republic with its capital in Brasília since 1960. The enactment of this law occurred during a significant period in Brazilian history, under the leadership of President João Goulart.

### Identification and Access
Law No. 4087/1962 can be identified and accessed through various official and structured means:
- **Legal Citation:** It is officially cited as Lei nº 4087/1962.
- **Lexml Brazil ID:** It is assigned the URN (Uniform Resource Name) `urn:lex:br:federal:lei:1962-07-07;4087` for standardized reference.
- **Official URL:** The full text of the law is publicly available at `https://www.planalto.gov.br/ccivil_03/leis/1950-1969/l4087.htm` on the official portal of the Brazilian Presidency.
- **WikiProject Status:** The law is included on the focus list of **WikiProject Brazilian Laws**, indicating its relevance for structured knowledge curation.

## References

1. [Source](https://www.lexml.gov.br/urn/urn:lex:br:federal:lei:1962-07-07;4087)
2. [Source](https://legislacao.presidencia.gov.br/atos?tipo=LEI&numero=4087&ano=1962&data=07/07/1962&ato=653UTT61kMVRVT73f)
3. LexML Brasil