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12 U.S.C. § 2125 — Dividends

submitted 55 years ago by Pub. L. 92-181 to r/title-12-BANKS-AND-BANKING · 29 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section addresses dividends. It states the rules that apply to that subject.

Dividends can be payable only on nonvoting investment stock, if declared by the board of directors of the bank, subject to the general direction of the Farm Credit Administration.

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

Dividends may be payable only on nonvoting investment stock, if declared by the board of directors of the bank, subject to the general direction of the Farm Credit Administration.

Source credit: (Pub. L. 92–181, title III, § 3.4, Dec. 10, 1971, 85 Stat. 604; Pub. L. 99–205, title II, § 205(e)(5), title VI, § 606, Dec. 23, 1985, 99 Stat. 1705, 1711; Pub. L. 100–233, title VIII, § 805(l), Jan. 6, 1988, 101 Stat. 1715.)

history & why it existsrecord from the source credit
  • 1971Enacted · Pub. L. 92-181 · 85 Stat. 604
  • 1985Amended · Pub. L. 99-205 · 99 Stat. 1705, 1711
  • 1988Amended · Pub. L. 100-233 · 101 Stat. 1715

A history note hasn’t been published yet. The record shows enactment by Pub. L. 92-181 on 1971-12-10.

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