§ 2267a. Jurisdiction over institution-affiliated parties

Statutory text

In general

For purposes of sections 2261, 2262, and 2268 of this title, the jurisdiction of the Farm Credit Administration over parties, and the authority of the Farm Credit Administration to initiate actions, shall include enforcement authority over institution-affiliated parties.

Effect of separation on jurisdiction and authority

Subject to subsection (c), the resignation, termination of employment or participation, or separation of an institution-affiliated party (including a separation caused by the merger, consolidation, conservatorship, or receivership of a Farm Credit System institution) shall not affect the jurisdiction and authority of the Farm Credit Administration to issue any notice or order and proceed under this part against that party.

Limitation

To proceed against a party under subsection (b), the notice or order described in that subsection shall be served not later than 6 years after the date on which the party ceased to be an institution-affiliated party with respect to the applicable Farm Credit System institution.

Applicability

The date on which a party ceases to be an institution-affiliated party described in subsection (c) may occur before, on, or after December 20, 2018.

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.

2018
Farm Credit Act of 1971
Pub. L. 92–181 title V § 5 · 85 Stat. 583
Enacted · 12 U.S.C. § 2267a
(Pub. L. 92–181, title V, § 5.31A, as added Pub. L. 115–334, title V, § 5407, Dec. 20, 2018, 132 Stat. 4677.)
Source evidence
Code source credit
(Pub. L. 92–181, title V, § 5.31A, as added Pub. L. 115–334, title V, § 5407, Dec. 20, 2018, 132 Stat. 4677.)
Enacted provision · exact public law section
(5) Acquire, hold, dispose, and otherwise exercise all the usual incidents of ownership of real and personal property necessary or convenient to its business.

1 of 1 references resolved to an enrolled provision

Credits

(Pub. L. 92–181, title V, § 5.31A, as added Pub. L. 115–334, title V, § 5407, Dec. 20, 2018, 132 Stat. 4677.)