Title 12 — Banks and Banking
Part B · Chapter 23 — Farm Credit System
§ 2145. Exchange of ownership interests
Statutory text
On the establishment of the consolidated bank, ownership interests of the stockholders and subscribers to the guaranty funds of the constituent district banks for cooperatives (including stock, participation certificates, and allocated equities) shall be exchanged for like ownership interests in the consolidated bank on a book value basis.
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 III § 3 · 85 Stat. 583
Enacted · 12 U.S.C. § 2145
(Pub. L. 92–181, title III, § 3.24, as added Pub. L. 100–233, title IV, § 415(2), Jan. 6, 1988, 101 Stat. 1644.)
Source evidence
Code source credit
(Pub. L. 92–181, title III, § 3.24, as added Pub. L. 100–233, title IV, § 415(2), Jan. 6, 1988, 101 Stat. 1644.)Enacted provision · exact public law section
(3) Make contracts.
1 of 1 references resolved to an enrolled provision
Credits
(Pub. L. 92–181, title III, § 3.24, as added Pub. L. 100–233, title IV, § 415(2), , 101 Stat. 1644.)