Home/U.S. Code/Title 12/Ch. 23/§ 2145
FEDERAL · 12 U.S.C. · Chapter 23

Exchange of ownership interests

Current through Pub. L. 119-102
Title 12 — Banks and Banking·Ch. 23 — FARM CREDIT SYSTEM·Subch. III·Pt. B
On the establishment of the consolidated bank, ownership interests of the stockholders and subscribers to the guaranty funds of the constituent district banks for cooperatives (including stock, participation certificates, and allocated equities) shall be exchanged for like ownership interests in the consolidated bank on a book value basis.

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History

(Pub. L. 92–181, title III, §3.24, as added Pub. L. 100–233, title IV, §415(2), Jan. 6, 1988, 101 Stat. 1644.)