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12 U.S.C. § 2256 — Consent to the availability of reports and to examinations

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

in plain englishAI-generated · not legal advice

Organizations seeking Farm Credit System discount privileges must consent in writing to examinations or sharing of examination reports.

Any organization other than State banks, trust companies, and savings associations shall, as a condition precedent to securing discount privileges with a bank of the Farm Credit System, file with such bank its written consent to examination by farm credit examiners as may be directed by the Farm Credit Administration; and State banks, trust companies, and savings associations may be required in like manner to file a written consent that reports of their examination by constituted State authorities may be furnished by such authorities upon the request of the Farm Credit Administration.

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

Any organization other than State banks, trust companies, and savings associations shall, as a condition precedent to securing discount privileges with a bank of the Farm Credit System, file with such bank its written consent to examination by farm credit examiners as may be directed by the Farm Credit Administration; and State banks, trust companies, and savings associations may be required in like manner to file a written consent that reports of their examination by constituted State authorities may be furnished by such authorities upon the request of the Farm Credit Administration.

Source credit: (Pub. L. 92–181, title V, § 5.21, formerly § 5.22, Dec. 10, 1971, 85 Stat. 623; renumbered § 5.21, Pub. L. 99–205, title II, § 203(b), Dec. 23, 1985, 99 Stat. 1694.)

history & why it existsrecord from the source credit
  • 1971Enacted · Pub. L. 92-181 · 85 Stat. 623
  • 1985Amended · Pub. L. 99-205 · 99 Stat. 1694

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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