12 U.S.C. § 2277a–1 — Establishment of Farm Credit System Insurance Corporation
submitted 38 years ago by Pub. L. 92-181 to r/title-12-BANKS-AND-BANKING · 65 words · no verdicts yet
This section establishes the Farm Credit System Insurance Corporation. The Corporation insures timely principal and interest payments on specified obligations issued for System banks entitled to this part’s insurance benefits.
There is hereby established the Farm Credit* System Insurance Corporation* which must insure, under this part, the timely payment of principal and interest on notes, bonds, debentures, and other obligations issued under subsection
(c) or
(d) of section 2153 of this title on behalf of one or more System banks all of which are entitled to the benefits of insurance under this part.
There is hereby established the Farm Credit* System Insurance Corporation* which shall insure, in accordance with this part, the timely payment of principal and interest on notes, bonds, debentures, and other obligations issued under subsection (c) or (d) of section 2153 of this title on behalf of one or more System banks all of which are entitled to the benefits of insurance under this part.
Source credit: (Pub. L. 92–181, title V, § 5.52, as added Pub. L. 100–233, title III, § 302, Jan. 6, 1988, 101 Stat. 1611.)
- 1988Enacted · Pub. L. 92-181 · 101 Stat. 1611
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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