12 U.S.C. § 2125

Current through P.L. 118-64 (published on www.congress.gov on 05/24/2024), except for [P. L. 118-63]

Section 2125 - Dividends

Dividends may be payable only on nonvoting investment stock, if declared by the board of directors of the bank, subject to the general direction of the Farm Credit Administration.

12 U.S.C. § 2125

Pub. L. 92-181, title III, §3.4, Dec. 10, 1971, 85 Stat. 604; Pub. L. 99-205, title II, §205(e)(5), title VI, §606, Dec. 23, 1985, 99 Stat. 1705, 1711; Pub. L. 100-233, title VIII, §805(l), Jan. 6, 1988, 101 Stat. 1715.

EDITORIAL NOTES

AMENDMENTS1988- Pub. L. 100-233 struck out "other than stock held by the Farm Credit Administration," after "investment stock,".1985- Pub. L. 99-205 struck out "the Governor of" before "the Farm Credit Administration" and inserted ", subject to the general direction of the Farm Credit Administration".

STATUTORY NOTES AND RELATED SUBSIDIARIES

EFFECTIVE DATE OF 1985 AMENDMENT Amendment by Pub. L. 99-205 effective thirty days after Dec. 23, 1985, see section 401 of Pub. L. 99-205 set out as a 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.