Title 12 — Banks and Banking
Part B · Chapter 23 — Farm Credit System
§ 2147. Patronage pools
Statutory text
Under such terms and conditions as may be determined by its board of directors, the consolidated bank may—
for a period of at least 3 years following , establish separate patronage pools consisting of loans to eligible borrowers located in each constituent farm credit district (as such district existed on ); and
allocate revenues, expenses, and net savings among such pools on an equitable 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. § 2147
(Pub. L. 92–181, title III, § 3.26, 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, § 3.26, 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, § 3.26, as added Pub. L. 100–233, title IV, § 415(2), , 101 Stat. 1644.)