Title 12 — Banks and Banking
Part D · Chapter 23 — Farm Credit System
§ 2206. Participation loans
Statutory text
Notwithstanding any other provisions of this chapter, the terms of any loan participated in by two or more Farm Credit System institutions operating under different subchapters of this chapter, including provisions for capitalization of the portion of the loan participated in by each institution, shall be as may be agreed upon among such institutions and authorized under regulations issued by the Farm Credit Administration, except that for purposes of determining borrower eligibility, membership, term, amount, loan security, and purchase of stock or participation certificates by the borrower, the provisions of law applicable to the loan shall be the provisions in the subchapter under which the institution that originates the loan operates.
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 IV § 4 · 85 Stat. 583
Enacted · 12 U.S.C. § 2206
Pub. L. 92–181, title IV, § 4.18, as added Pub. L. 96–592, title IV, § 403, Dec. 24, 1980, 94 Stat. 3446
Source evidence
Code source credit
Pub. L. 92–181, title IV, § 4.18, as added Pub. L. 96–592, title IV, § 403, Dec. 24, 1980, 94 Stat. 3446Enacted provision · exact public law section
(4) Sue and be sued.Pub. L. 98–205 · 97 Stat. 1387
Inserted · 12 U.S.C. § 2206
Pub. L. 98–205 inserted “under regulations issued” after “authorized”
Source evidence
Code amendment note
Pub. L. 98–205 inserted “under regulations issued” after “authorized”.
1 of 2 references resolved to an enrolled provision · 1 partial
Editorial Notes
Amendments
1985—Pub. L. 98–205 inserted “under regulations issued” after “authorized”.
Statutory Notes and Related Subsidiaries
Effective Date of 1985 Amendment
Amendment by Pub. L. 99–205 effective thirty days after , see section 401 of Pub. L. 99–205, set out as a note under section 2001 of this title.
Credits
1980–1985 · 2 acts
- 1980Pub. L. 92–181, title IV, § 4.18, as added Pub. L. 96–592, title IV, § 403, , 94 Stat. 3446
- 1985amended Pub. L. 99–205, title II, § 205(f)(7), , 99 Stat. 1706.
Show as published
(Pub. L. 92–181, title IV, § 4.18, as added Pub. L. 96–592, title IV, § 403, , 94 Stat. 3446; amended Pub. L. 99–205, title II, § 205(f)(7), , 99 Stat. 1706.)