Title 12 — Banks and Banking
Part D · Chapter 23 — Farm Credit System
§ 2208. Prohibition against use of signed ballots
Statutory text
In any election or merger vote, or other proceeding subject to a vote of the stockholders (or subscribers to the guaranty fund of a bank for cooperatives), conducted by a lending institution of the Farm Credit System, the institution—
may not use signed ballots; and
shall implement measures to safeguard the voting process for the protection of the right of stockholders (or subscribers) to a secret ballot.
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. § 2208
Pub. L. 92–181, title IV, § 4.20, as added Pub. L. 96–592, title IV, § 403, Dec. 24, 1980, 94 Stat. 3447
Source evidence
Code source credit
Pub. L. 92–181, title IV, § 4.20, as added Pub. L. 96–592, title IV, § 403, Dec. 24, 1980, 94 Stat. 3447Enacted provision · exact public law section
(4) Sue and be sued.Agricultural Credit Act of 1987
Pub. L. 100–233 title IV § 425 · 101 Stat. 1568
Amended · 12 U.S.C. § 2208
Pub. L. 100–233 amended section generally. Prior to amendment, section read as follows: “The provisions of (1) section 2074 of this title authorizing the Federal intermediate credit banks to lend to or discount paper for other financial institutions, and (2) section 2128(b) of this title authorizing the financing of certain domestic or foreign entities in connection with the import or export activities of cooperatives which are borrowers from the banks for cooperatives, shall expire on September 30, 1990, unless extended by Act of Congress prior to that date. Any contract or agreement entered into under the authority of either provision prior to its expiration shall remain in full force and effect notwithstanding such expiration.”
Source evidence
Code amendment note
Pub. L. 100–233 amended section generally. Prior to amendment, section read as follows: “The provisions of (1) section 2074 of this title authorizing the Federal intermediate credit banks to lend to or discount paper for other financial institutions, and (2) section 2128(b) of this title authorizing the financing of certain domestic or foreign entities in connection with the import or export activities of cooperatives which are borrowers from the banks for cooperatives, shall expire on September 30, 1990, unless extended by Act of Congress prior to that date. Any contract or agreement entered into under the authority of either provision prior to its expiration shall remain in full force and effect notwithstanding such expiration.”Enacted provision · exact public law section
SEC. 425. REMOVAL OF CERTAIN SUNSET PROVISIONS; PROHIBITION AGAINST USE OF SIGNED BALLOTS. Section 4.20 (12 U.S.C. 2208) is amended to read as follows: “SEC. 4.20. PROHIBITION AGAINST USE OF SIGNED BALLOTS. “In any election or merger vote, or other proceeding subject to a vote of the stockholders (or subscribers to the guaranty fund of a bank for cooperatives), conducted by a lending institution of the Farm Credit System, the institution— “(1) may not use signed ballots; and “(2) shall implement measures to safeguard the voting process for the protection of the right of stockholders (or subscribers) to a secret ballot.”.
2 of 2 references resolved to an enrolled provision
Editorial Notes
Amendments
1988—Pub. L. 100–233 amended section generally. Prior to amendment, section read as follows: “The provisions of (1) section 2074 of this title authorizing the Federal intermediate credit banks to lend to or discount paper for other financial institutions, and (2) section 2128(b) of this title authorizing the financing of certain domestic or foreign entities in connection with the import or export activities of cooperatives which are borrowers from the banks for cooperatives, shall expire on , unless extended by Act of Congress prior to that date. Any contract or agreement entered into under the authority of either provision prior to its expiration shall remain in full force and effect notwithstanding such expiration.”
Credits
1980–1988 · 2 acts
- 1980Pub. L. 92–181, title IV, § 4.20, as added Pub. L. 96–592, title IV, § 403, , 94 Stat. 3447
- 1988amended Pub. L. 100–233, title IV, § 425, , 101 Stat. 1657.
Show as published
(Pub. L. 92–181, title IV, § 4.20, as added Pub. L. 96–592, title IV, § 403, , 94 Stat. 3447; amended Pub. L. 100–233, title IV, § 425, , 101 Stat. 1657.)