§ 2133. Distribution of assets on liquidation or dissolution

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. 1971

   Farm Credit Act of 1971

   Pub. L. 92–181 title III § 3 · 85 Stat. 583

   Enacted · 12 U.S.C. § 2133

   Pub. L. 92–181, title III, § 3.12, Dec. 10, 1971, 85 Stat. 608

   Source evidence

   Code source credit
   Pub. L. 92–181, title III, § 3.12, Dec. 10, 1971, 85 Stat. 608

   Enacted provision · exact public law section
   (3) Make contracts.

2. 1985

   Farm Credit Amendments Act of 1985

   Pub. L. 99–205 title II § 205(e)(9) · 99 Stat. 1678

   1. Struck · 12 U.S.C. § 2133

      Pub. L. 99–205 struck out “, any stock held by the Governor of the Farm Credit Administration at par” before “, and all nonvoting stock at par”

   2. Struck · 12 U.S.C. § 2133

      Pub. L. 99–205 struck out “stock held by the Governor of the Farm Credit Administration,” before “and voting stock pro rata” in first sentence

   Source evidence

   Code amendment note
   Pub. L. 99–205 struck out “, any stock held by the Governor of the Farm Credit Administration at par” before “, and all nonvoting stock at par”, and struck out “stock held by the Governor of the Farm Credit Administration,” before “and voting stock pro rata” in first sentence.

   Enacted provision · exact public law section
   (9) in the first sentence of section 2.7, striking out “, of all the stock held by the Governor of the Farm Credit Administration at par, third”;

   Effective date note
   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.

3. 1988

   Agricultural Credit Act of 1987

   Pub. L. 100–233 title VIII § 805 · 101 Stat. 1568

   Inserted · 12 U.S.C. § 2133

   Pub. L. 100–233 inserted “the” before “Farm Credit Administration”

   Source evidence

   Code amendment note
   Pub. L. 100–233 inserted “the” before “Farm Credit Administration”.

   Enacted provision · exact public law section
   SEC. 805. TECHNICAL AMENDMENTS. (a) Section 1.2 is amended by striking out “the regulation” and 12 USC 2002. inserting in lieu thereof “regulation”. (b) Section 1.15(12) is amended by striking out “or delegated to”. 12 USC 2033. (c) Section 1.20 is amended by striking out “by or other” and 12 USC 2054. inserting in lieu thereof “by other”. (d) Section 2.1(18) is amended by striking out the comma at the 12 USC 2072. end and inserting in lieu thereof a period. (e) Section 2.2 is amended— 12 USC 2073. (1) in subsection (d), by striking out “be issued to” the first place it appears; (2) in subsection (f)— (A) by striking out “other”; and (B) by inserting “of” after “with regard to the payment”; (3) in the second sentence of the fourth undesignated paragraph of subsection (g)— (A) by striking out “other” the first place it appears; and (B) by inserting “the” before “Farm Credit Administration”; and (4) in subsection (h), by striking out “the Farm Credit Administration or”. (f) Section 2.6 is amended— 12 USC 2077. (1) in subsection (c), by striking out the last sentence; and (2) by redesignating subsections (c) and (d), as subsections (a) and (b), respectively. (g) The last sentence of section 2.10 is amended by inserting “the” 12 USC 2091. before “Farm Credit Administration” the second place it appears. (h) Section 2.13 is amended— 12 USC 2094. (1) in subsection (c), by striking out “to other”; and (2) in subsection (d)— (A) by striking out “other” the first place it appears; and (B) by inserting a comma after “noncumulative)”. (i) The section heading for section 2.15 is amended by striking out 12 USC 2096. the comma and inserting in lieu thereof a semicolon. (j) Section 2.17 is amended by inserting “, except that interest on 12 USC 2098. such obligations shall be subject to Federal income taxation in the hands of the holder” before the period at the end. (k) Section 3.3(d) is amended by striking out “by” the first place it 12 USC 2124. appears. (l) Section 3.4 is amended by striking out “other than stock held 12 USC 2125. by the Farm Credit Administration,”. (m) Section 3.8 is amended— (1) by redesignating subsection (1) as subsection (a); 12 USC 2129. (2) by redesignating paragraphs (a), (b), (c), and (d) of the subsection redesignated by paragraph (1) of this subsection, as paragraphs (1), (2), (3), and (4), respectively; (3) by redesignating clauses (1), (2), and (3) of the paragraph redesignated as paragraph (4) by paragraph (2) of this subsection, as clauses (A), (B), and (C), respectively; (4) in the clause redesignated as clause (C) by paragraph (4), by striking out “(2)” and inserting in lieu thereof “(B)”. (n) 12 USC 2132. Section 3.11 is amended— (1) in subsection (b)— (A) by striking out “(c) and (d)” and inserting in lieu thereof “(b) and (c)”; and (B) by striking out the last sentence; (2) in subsection (c)— (A) by striking out “(b) of this section, whichever is applicable,” and inserting in lieu thereof “(a)”; and (B) by striking out “(d)” and inserting in lieu thereof “(c)”; (3) in subsection (d), by striking out “(b) whichever is applicable,” and inserting in lieu thereof “(a)”; (4) in subsection (g)— (A) by striking out “or (b)”; and (B) by striking out “For any year that a bank for cooperatives is subject to Federal income tax, it” and inserting in lieu thereof “A bank for cooperatives”; and (5) by redesignating subsections (b), (c), (d), (e), (f), and (g), as subsections (a), (b), (c), (d), (e), and (0, respectively. (o) 12 USC 2133. Section 3.12 is amended by inserting “the” before “Farm Credit Administration”. (p) 12 USC 2134. Section 3.13 is amended by inserting “, except that interest on such obligations shall be subject to Federal income taxation in the hands of the holder” before the period at the end. (q) 12 USC 2154. Section 4.3(c) is amended by striking out “direct of fully guaranteed” and inserting in lieu thereof “direct or fully guaranteed”. (r) 12 USC 2183. Section 4.12(b) is amended by striking out “court, shall” and inserting in lieu thereof “court shall,”. (s) 12 USC 2202. Section 4.14 is amended— (1) by striking out “committee(s)” and inserting in lieu thereof “committees”; (2) by striking out “4.13” and inserting in lieu thereof “4.13B”, and (3) by striking out “reviews” and inserting in lieu thereof “review”. (t) Title IV is amended— (1) by inserting above and before section 4.15 the following: “Part D— Activities of Institutions of the System”; and (2) 12 USC 2211. by redesignating part D as part E. (u) 12 USC 2218, 2219. Title IV is amended by redesignating parts E and F, as parts G and H, respectively. (v) 12 USC 2221. Section 5.0 is amended by striking out “5.17(2)” and inserting in lieu thereof “5.17(a)(2)”. (w) 12 USC 2243. The section heading of section 5.9 is amended by striking out “; Civil Proceedings”. (x) 12 USC 2245. Section 5.11 is amended by striking out the last sentence. (y) Section 5.16 is amended by transferring the 4 sentences immediately 12 USC 2251. following paragraph (4) to just before the last sentence of such section. (z) Section 5.17(a) is amended— 12 USC 2252. (1) by striking out paragraph (13); and (2) by redesignating paragraphs (14) and (15), as paragraphs (13) and (14), respectively. (aa) Section 5.28 is amended— 12 USC 2264. (1) by inserting “(a)” before “Whenever” the first place it appears; and (2) in subsection (e), by striking out “(d)(3)” and inserting in lieu thereof “(d)”. (bb) Section 5.29 is amended— 12 USC 2265. (1) in subsection (a)— (A) by striking out “interest” and inserting in lieu thereof “interests”; (B) by striking out “the investors in the” and inserting in lieu thereof “investors in”; and (C) by inserting “the” before “Farm Credit System” the third place it appears. (2) in subsection (b), by striking out “in Farm Credit System obligations” and inserting in lieu thereof “of the institution’s shareholders or the investors in Farm Credit System obligations or may threaten to impair public confidence in the institution or the Farm Credit System”. (cc) Section 5.30 is amended by striking out “subsection (g)” and 12 USC 2266. inserting in lieu thereof “section”. (dd) Section 5.32(f) is amended by striking out “sections 5.31 and 12 USC 2268. 5.32” and inserting in lieu thereof “section 5.31 and this section”. (ee) Section 5.37 is amended by striking out “claims,”. 12 USC 2273. (ff) Section 5.41 is amended— 12 USC 393. (1) by striking out subsection (a); and (2) by striking out “(b)”.

4 of 4 references resolved to an enrolled provision