12 U.S.C. § 2219

Current through P.L. 118-59 (published on www.congress.gov on 05/07/2024)
Section 2219 - Limitation on separate sale

If real property is acquired by any institution of the Farm Credit System through foreclosure, no institution of the Farm Credit System shall sell the surface rights to that real property to any person unless the institution also sells all mineral rights to that real property to that person.

12 U.S.C. § 2219

Pub. L. 92-181, title IV, §4.35, as added Pub. L. 99-205, title III, §306, Dec. 23, 1985, 99 Stat. 1709.

STATUTORY NOTES AND RELATED SUBSIDIARIES

EFFECTIVE DATESection effective thirty days after Dec. 23, 1985, see section 401 of Pub. L. 99-205 set out as an Effective Date of 1985 Amendment note under section 2001 of this title.

credit
The term "credit" means the right granted by a person to a consumer to defer payment of a debt, incur debt and defer its payment, or purchase property or services and defer payment for such purchase.
person
The term "person" means an individual, partnership, company, corporation, association (incorporated or unincorporated), trust, estate, cooperative organization, or other entity.