12 U.S.C. § 2269 — Further penalties
submitted 41 years ago by Pub. L. 92-181 to r/title-12-BANKS-AND-BANKING · 150 words · no verdicts yet
This section establishes further penalties. It states the conduct covered and the penalties provided for it.
Any director* or officer, or former director or officer of a System institution*, or any other person*, against whom there is outstanding and effective any notice or order (which is an order which has become final*) served upon that director, officer, or other person under section 2264 or 2265 of this title, and who (1) participates in any manner in the conduct of the affairs of the institution* involved, or directly or indirectly solicits or procures, or transfers or attempts to transfer, or votes or attempts to vote, any proxies, consents, or authorizations in respect of any voting rights in that institution, or (2) without the prior written approval of the Farm Credit* Administration, votes for a director, serves or acts as a director, officer, or employee of any System institution, must upon conviction be fined not more than $5,000 or imprisoned for not more than one year, or both.
Any director* or officer, or former director or officer of a System institution*, or any other person*, against whom there is outstanding and effective any notice or order (which is an order which has become final*) served upon such director, officer, or other person under section 2264 or 2265 of this title, and who (1) participates in any manner in the conduct of the affairs of the institution* involved, or directly or indirectly solicits or procures, or transfers or attempts to transfer, or votes or attempts to vote, any proxies, consents, or authorizations in respect of any voting rights in such institution, or (2) without the prior written approval of the Farm Credit* Administration, votes for a director, serves or acts as a director, officer, or employee of any System institution, shall upon conviction be fined not more than $5,000 or imprisoned for not more than one year, or both.
Source credit: (Pub. L. 92–181, title V, § 5.33, as added Pub. L. 99–205, title II, § 204, Dec. 23, 1985, 99 Stat. 1701.)
- 1985Enacted · Pub. L. 92-181 · 99 Stat. 1701
A history note hasn’t been published yet. The record shows enactment by Pub. L. 92-181 on 1985-12-23.
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