12 U.S.C. § 2097 — Liens on stock
submitted 38 years ago by Pub. L. 92-181 to r/title-12-BANKS-AND-BANKING · 52 words · no verdicts yet
A Federal land bank association has a first lien on the stock and participation certificates it issues, except certificates held by other Farm Credit System institutions. The lien secures liabilities owed to the association, the bank, or both.
Each Federal land bank association must have a first lien on the stock and participation certificates it issues, except on stock or participation certificates held by other Farm Credit* System institutions, for the payment of any liability of the stockholder to the association or to the bank, or to both of them.
Each Federal land bank association shall have a first lien on the stock and participation certificates it issues, except on stock or participation certificates held by other Farm Credit* System institutions, for the payment of any liability of the stockholder to the association or to the bank, or to both of them.
Source credit: (Pub. L. 92–181, title II, § 2.15, formerly § 2.16, as added Pub. L. 100–233, title IV, § 401, Jan. 6, 1988, 101 Stat. 1637; renumbered § 2.15, Pub. L. 100–399, title IV, § 401(w), Aug. 17, 1988, 102 Stat. 999.)
- 1988Enacted · Pub. L. 92-181 · 101 Stat. 1637
- 1988Amended · Pub. L. 100-399 · 102 Stat. 999
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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