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Title 12 — Banks and Banking

Chapter 23 — Farm Credit System

§ 2017. Eligibility

Statutory text

The credit and financial services authorized in this subchapter may be made available to persons who are or become stockholders or members of the bank or associations in the district, and who are—

(1)

bona fide farmers, ranchers, or producers or harvesters of aquatic products;

(2)

persons furnishing to farmers and ranchers farm-related services directly related to their on-farm operating needs; or

(3)

owners of rural homes.

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

  1. Farm Credit Act of 1971

    Pub. L. 92–181 title I § 1 · 85 Stat. 583

    Enacted · 12 U.S.C. § 2017

    (Pub. L. 92–181, title I, § 1.9, as added Pub. L. 100–233, title IV, § 401, Jan. 6, 1988, 101 Stat. 1626.)

    Source evidence

    Code source credit
    (Pub. L. 92–181, title I, § 1.9, as added Pub. L. 100–233, title IV, § 401, Jan. 6, 1988, 101 Stat. 1626.)

    Enacted provision · exact public law section
    (1) Adopt and use a corporate seal.

1 of 1 references resolved to an enrolled provision

Editorial Notes

Prior Provisions

A prior section 2017, Pub. L. 92–181, title I, § 1.9, , 85 Stat. 586; Pub. L. 96–592, title I, § 106, , 94 Stat. 3438; Pub. L. 100–233, title IV, § 426, title VIII, § 802(d), , 101 Stat. 1657, 1710; Pub. L. 100–399, title IV, § 412, title VII, § 701, , 102 Stat. 1004, 1006, related to security, prior to the general amendment of this subchapter by Pub. L. 100–233, § 401.

Statutory Notes and Related Subsidiaries

Effective Date

Pub. L. 100–233, title IV, § 401, , 101 Stat. 1622, provided that this section is effective 6 months after .

Credits

(Pub. L. 92–181, title I, § 1.9, as added Pub. L. 100–233, title IV, § 401, , 101 Stat. 1626.)

Parsed from the official OLRC USLM XML in data/usc_all/usc12.xml · release point 119-108 · OLRC build 2026-07-23

USLM identifier /us/usc/t12/s2017