Statutes, codes, and regulations
United States Code
Title 12 - BANKS AND BANKINGChapter 23 - FARM CREDIT SYSTEMSubchapter V - FARM CREDIT ADMINISTRATION ORGANIZATION
Part C - ENFORCEMENT POWERS OF FARM CREDIT ADMINISTRATION
Section 2274 - Power to remove directors and officers

12 U.S.C. § 2274

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Current through P.L. 118-62 (published on www.congress.gov on 05/13/2024)
Section 2274 - Power to remove directors and officers

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.

12 U.S.C. § 2274

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.

EDITORIAL NOTES

AMENDMENTS2018- Pub. L. 115-334 substituted "a Farm Credit Bank board, officer, or employee shall not remove any director or officer of any" for "a farm credit district board, bank board, or bank officer or employee shall not remove any director or officer of any production credit association or Federal land bank".

Director
The term "Director" means the Director of the Bureau.
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.