FEDERAL · 12 U.S.C. · Chapter SUBCHAPTER II—FARM CREDIT ASSOCIATIONS

Board of directors

12 U.S.C. § 2092
Title12Banks and Banking
ChapterSUBCHAPTER II—FARM CREDIT ASSOCIATIONS
PartB

This text of 12 U.S.C. § 2092 (Board of directors) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
12 U.S.C. § 2092.

Text

Each Federal land bank association shall elect from its voting shareholders a board of directors of such number, for such terms, in such manner, and with such qualifications as may be required by its bylaws except that, at least one member shall be elected by the other directors, which member shall not be a director, officer, employee, stockholder, or agent of a System institution.

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Related

South Central Iowa Production Credit Ass'n v. Scanlan
380 N.W.2d 699 (Supreme Court of Iowa, 1986)
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Bailey v. Federal Intermediate Credit Bank
608 F. Supp. 1009 (W.D. Missouri, 1985)
1 case citations

Source Credit

History

(Pub. L. 92–181, title II, §2.11, as added Pub. L. 100–233, title IV, §401, Jan. 6, 1988, 101 Stat. 1635; amended Pub. L. 102–237, title V, §502(d), Dec. 13, 1991, 105 Stat. 1868.)

Editorial Notes

Editorial Notes

Prior Provisions
A prior section 2092, Pub. L. 92–181, title II, §2.11, Dec. 10, 1971, 85 Stat. 598, related to board of directors, prior to the general amendment of this subchapter by Pub. L. 100–233, §401.

Amendments
1991—Pub. L. 102–237 substituted "stockholder, or agent" for "or stockholder".

Statutory Notes and Related Subsidiaries

Effective Date
Pub. L. 100–233, title IV, §401, Jan. 6, 1988, 101 Stat. 1622, provided that this section is effective 6 months after Jan. 6, 1988.

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Bluebook (online)
12 U.S.C. § 2092, Counsel Stack Legal Research, https://law.counselstack.com/usc/12/2092.