12 U.S.C. § 2147 — Patronage pools
submitted 38 years ago by Pub. L. 92-181 to r/title-12-BANKS-AND-BANKING · 73 words · no verdicts yet
Under such terms and conditions as may be determined by its board of directors, the consolidated bank may— (1) for a period of at least 3 years following January 6, 1988 , establish separate patronage pools consisting of loans to eligible borrowers located ...
Under such terms and conditions as may be determined by its board of directors, the consolidated bank may— (1) for a period of at least 3 years following January 6, 1988 , establish separate patronage pools consisting of loans to eligible borrowers located in each constituent farm credit* district (as such district existed on January 6, 1988 ); and (2) allocate revenues, expenses, and net savings among such pools on an equitable basis.
Under such terms and conditions as may be determined by its board of directors, the consolidated bank may—
for a period of at least 3 years following January 6, 1988, establish separate patronage pools consisting of loans to eligible borrowers located in each constituent farm credit* district (as such district existed on January 6, 1988); and
allocate revenues, expenses, and net savings among such pools on an equitable basis.
Source credit: (Pub. L. 92–181, title III, § 3.26, as added Pub. L. 100–233, title IV, § 415(2), Jan. 6, 1988, 101 Stat. 1644.)
- 1988Enacted · Pub. L. 92-181 · 101 Stat. 1644
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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