12 U.S.C. § 2279a–3 — Capitalization
submitted 38 years ago by Pub. L. 92-181 to r/title-12-BANKS-AND-BANKING · 47 words · no verdicts yet
Each merged bank must use bylaws and Farm Credit Administration regulations to set its capitalization, stock rules, and distribution of earnings.
Consistent with section 2154a, each merged bank must provide in its bylaws, subject to Farm Credit* Administration regulations, for the bank’s capitalization; how bank stock is issued, held, transferred, and retired; and how bank earnings are distributed.
In accordance with section 2154a of this title, each merged bank shall provide, through bylaws and subject to Farm Credit* Administration regulations, for the capitalization of the bank and the manner in which bank stock shall be issued, held, transferred, and retired and bank earnings distributed.
Source credit: (Pub. L. 92–181, title VII, § 7.3, as added Pub. L. 100–399, title IV, § 408(d), Aug. 17, 1988, 102 Stat. 1001.)
- 1988Enacted · Pub. L. 92-181 · 102 Stat. 1001
A history note hasn’t been published yet. The record shows enactment by Pub. L. 92-181 on 1988-08-17.
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