12 U.S.C. § 2022 — Liens on stock
submitted 38 years ago by Pub. L. 92-181 to r/title-12-BANKS-AND-BANKING · 29 words · no verdicts yet
Each Farm Credit Bank has a first lien on the stock or participation certificates it issues. The lien secures any liability that the stockholder owes the bank.
The Farm Credit* Banks have a first-priority lien on the stock or participation certificates they issue. The lien secures payment of any liability that the stockholder owes the bank.
The Farm Credit* Banks shall have a first lien on the stock or participation certificates it issues for the payment of any liability of the stockholders to the bank.
Source credit: (Pub. L. 92–181, title I, § 1.14, as added Pub. L. 100–233, title IV, § 401, Jan. 6, 1988, 101 Stat. 1629.)
- 1988Enacted · Pub. L. 92-181 · 101 Stat. 1629
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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