12 U.S.C. § 2014

Current through P.L. 118-47 (published on www.congress.gov on 03/23/2024)

Section 2014 - Farm Credit Bank capitalization

In accordance with section 2154a of this title, the Farm Credit Banks 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.

12 U.S.C. § 2014

Pub. L. 92-181, title I, §1.6, as added Pub. L. 100-233, title IV, §401, Jan. 6, 1988, 101 Stat. 1624.

EDITORIAL NOTES

PRIOR PROVISIONSA prior section 2014, Pub. L. 92-181, title I, §1.6, Dec. 10, 1971, 85 Stat. 585; Pub. L. 96-592, title I, §103, Dec. 24, 1980, 94 Stat. 3438, related to real estate mortgage loans, prior to the general amendment of this subchapter by Pub. L. 100-233, §401.

STATUTORY NOTES AND RELATED SUBSIDIARIES

EFFECTIVE DATEPub. L. 100-233, title IV, §401, Jan. 6, 1988, 101 Stat. 1622, provided that this section is effective 6 months after Jan. 6, 1988.

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.