Title 12 — Banks and Banking
Part B · Chapter 23 — Farm Credit System
§ 2096. Agreements for sharing gains or losses
Statutory text
Each Farm Credit Bank may enter into agreements with Federal land bank associations in its district for sharing the gain or losses on loans or on security held therefor or acquired in liquidation thereof, and associations are authorized to enter into any such agreements and also, subject to bank approval, agreements with other associations in the district for sharing the risk of loss on loans endorsed by each such association. As may be authorized by the bank in accordance with regulations of the Farm Credit Administration, associations also may enter into agreements with other Farm Credit System institutions to share loan and other losses, whether to protect against capital impairment or for any other purpose.
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.
Farm Credit Act of 1971
Pub. L. 92–181 title II § 2 · 85 Stat. 583
Enacted · 12 U.S.C. § 2096
Pub. L. 92–181, title II, § 2.14, formerly § 2.15, as added Pub. L. 100–233, title IV, § 401, Jan. 6, 1988, 101 Stat. 1636
Source evidence
Code source credit
Pub. L. 92–181, title II, § 2.14, formerly § 2.15, as added Pub. L. 100–233, title IV, § 401, Jan. 6, 1988, 101 Stat. 1636Enacted provision · exact public law section
(2) Have succession until dissolved under the provisions of this Act or other Act of Congress.
1 of 1 references resolved to an enrolled provision
Editorial Notes
Prior Provisions
A prior section 2096, Pub. L. 92–181, title II, § 2.15, , 85 Stat. 601; Pub. L. 96–592, title II, § 210, , 94 Stat. 3442; Pub. L. 99–205, title II, § 205(b), , 99 Stat. 1703; Pub. L. 100–233, title IV, § 431(f), title VIII, § 805(i), , 101 Stat. 1660, 1715; Pub. L. 100–399, title IV, § 415(b), , 102 Stat. 1004, related to short- and intermediate-term loans, participation, other financial assistance, terms, conditions, interest, and security, prior to the general amendment of this subchapter by Pub. L. 100–233, § 401.
A prior section 2.14 of Pub. L. 92–181 was classified to section 2095 of this title and was repealed by Pub. L. 100–399, § 401(v).
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
1988 · 2 acts
- 1988Pub. L. 92–181, title II, § 2.14, formerly § 2.15, as added Pub. L. 100–233, title IV, § 401, , 101 Stat. 1636
- 1988renumbered § 2.14, Pub. L. 100–399, title IV, § 401(w), , 102 Stat. 999.
Show as published
(Pub. L. 92–181, title II, § 2.14, formerly § 2.15, as added Pub. L. 100–233, title IV, § 401, , 101 Stat. 1636; renumbered § 2.14, Pub. L. 100–399, title IV, § 401(w), , 102 Stat. 999.)