Title 12 — Banks and Banking
Part E · Chapter 23 — Farm Credit System
§ 2279g. Transactions to accomplish mergers exempt from certain State taxes
Statutory text
No State or political subdivision thereof may treat the merger or consolidation of two or more institutions of the Farm Credit System under this subchapter or title IV of the Agricultural Credit Act of 1987 as resulting in a change of ownership of any property owned by any of such merging or consolidating institutions, for purposes of any law of such State or political subdivision providing for reassessment of property on the occurrence of a change of ownership or imposing a tax on the ownership or transfer of property.
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 VII § 7 · 85 Stat. 583
Enacted · 12 U.S.C. § 2279g
(Pub. L. 92–181, title VII, § 7.14, as added Pub. L. 100–399, title IV, § 408(u), Aug. 17, 1988, 102 Stat. 1003.)
Source evidence
Code source credit
(Pub. L. 92–181, title VII, § 7.14, as added Pub. L. 100–399, title IV, § 408(u), Aug. 17, 1988, 102 Stat. 1003.)Enacted provision · exact public law section
(7) Operate under the direction of its board of directors.
1 of 1 references resolved to an enrolled provision
Editorial Notes
References in Text
The Agricultural Credit Act of 1987, referred to in text, is Pub. L. 100–233, , 101 Stat. 1568. Title IV of that Act amended this chapter. For complete classification of this Act to the Code see Short Title of 1988 Amendment note set out under section 2001 of this title and Tables.
Statutory Notes and Related Subsidiaries
Effective Date
Section effective as if enacted immediately after enactment of Pub. L. 100–233, which was approved , see section 1001(a) of Pub. L. 100–399, set out as an Effective Date of 1988 Amendment note under section 2002 of this title.
Credits
(Pub. L. 92–181, title VII, § 7.14, as added Pub. L. 100–399, title IV, § 408(u), , 102 Stat. 1003.)