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Title 12 — Banks and Banking

Part A · Chapter 23 — Farm Credit System

§ 2157. Bonds as investments

Statutory text

The bonds, debentures, and other similar obligations issued under the authority of this chapter shall be lawful investments for all fiduciary and trust funds and may be accepted as security for all public deposits.

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 IV § 4 · 85 Stat. 583

    Enacted · 12 U.S.C. § 2157

    (Pub. L. 92–181, title IV, § 4.6, Dec. 10, 1971, 85 Stat. 612.)

    Source evidence

    Code source credit
    (Pub. L. 92–181, title IV, § 4.6, Dec. 10, 1971, 85 Stat. 612.)

    Enacted provision · exact public law section
    (4) Sue and be sued.

1 of 1 references resolved to an enrolled provision

Credits

(Pub. L. 92–181, title IV, § 4.6, , 85 Stat. 612.)

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/s2157