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12 U.S.C. § 2017 — Eligibility

submitted 38 years ago by Pub. L. 92-181 to r/title-12-BANKS-AND-BANKING · 67 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section identifies the people who may receive the credit and financial services authorized in the subchapter. They must be or become bank or association stockholders or members and fit one of the listed groups.

The credit and financial services authorized in this subchapter may be provided available to persons who are or become stockholders or members of the bank or associations in the district, and who are— (1) bona fide farmers, ranchers, or producers or harvesters of aquatic products; (2) persons furnishing to farmers and ranchers farm-related services directly related to their on-farm operating needs; or (3) owners of rural homes.

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

The credit and financial services authorized in this subchapter may be made available to persons who are or become stockholders or members of the bank or associations in the district, and who are—

(1)

bona fide farmers, ranchers, or producers or harvesters of aquatic products;

(2)

persons furnishing to farmers and ranchers farm-related services directly related to their on-farm operating needs; or

(3)

owners of rural homes.

Source credit: (Pub. L. 92–181, title I, § 1.9, as added Pub. L. 100–233, title IV, § 401, Jan. 6, 1988, 101 Stat. 1626.)

history & why it existsrecord from the source credit
  • 1988Enacted · Pub. L. 92-181 · 101 Stat. 1626

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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