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12 U.S.C. § 2274 — Power to remove directors and officers

submitted 38 years ago by Pub. L. 92-181 to r/title-12-BANKS-AND-BANKING · 25 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section gives power to remove directors and officers. It states who may exercise that power and the conditions.

Despite any other provision of this chapter, a Farm Credit Bank board, officer, or employee must not remove any director or officer of any association.

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

Notwithstanding any other provision of this chapter, a Farm Credit Bank board, officer, or employee shall not remove any director or officer of any association.

Source credit: (Pub. L. 92–181, title V, § 5.38, as added Pub. L. 100–233, title IV, § 432(c), Jan. 6, 1988, 101 Stat. 1661; amended Pub. L. 115–334, title V, § 5411(35), Dec. 20, 2018, 132 Stat. 4683.)

history & why it existsrecord from the source credit
  • 1988Enacted · Pub. L. 92-181 · 101 Stat. 1661
  • 2018Amended · Pub. L. 115-334 · 132 Stat. 4683

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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