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12 U.S.C. § 2014 — Farm Credit Bank capitalization

submitted 38 years ago by Pub. L. 92-181 to r/title-12-BANKS-AND-BANKING · 48 words · no verdicts yet

in plain englishAI-generated · not legal advice

Farm Credit Banks must use bylaws, subject to Farm Credit Administration regulations, to provide for bank capitalization and the handling of stock and earnings.

Under section 2154a of this title, the Farm Credit Banks must provide through bylaws, subject to Farm Credit Administration regulations, for the bank’s capitalization; how bank stock is issued, held, transferred, and retired; and how bank earnings are distributed.

the actual law source: uscode.house.gov ↗public domain

In accordance with section 2154a of this title, the Farm Credit Banks shall provide, through bylaws and subject to Farm Credit Administration regulations, for the capitalization of the bank and the manner in which bank stock shall be issued, held, transferred, and retired and bank earnings distributed.

Source credit: (Pub. L. 92–181, title I, § 1.6, as added Pub. L. 100–233, title IV, § 401, Jan. 6, 1988, 101 Stat. 1624.)

history & why it existsrecord from the source credit
  • 1988Enacted · Pub. L. 92-181 · 101 Stat. 1624

A history note hasn’t been published yet. The record shows enactment by Pub. L. 92-181 on 1988-01-06.

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