12 U.S.C. § 2147 — Patronage pools

FEDERAL · 12 U.S.C. · Chapter SUBCHAPTER III—BANKS FOR COOPERATIVES

Patronage pools

12 U.S.C. § 2147

ChapterSUBCHAPTER III—BANKS FOR COOPERATIVES

PartB

This text of 12 U.S.C. § 2147 (Patronage pools) 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. § 2147.

Text

Under such terms and conditions as may be determined by its board of directors, the consolidated bank may—

(1)for a period of at least 3 years following January 6, 1988, establish separate patronage pools consisting of loans to eligible borrowers located in each constituent farm credit district (as such district existed on January 6, 1988); and

(2)allocate revenues, expenses, and net savings among such pools on an equitable basis.

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Under such terms and conditions as may be determined by its board of directors, the consolidated bank may—
(1) for a period of at least 3 years following January 6, 1988, establish separate patronage pools consisting of loans to eligible borrowers located in each constituent farm credit district (as such district existed on January 6, 1988); and
(2) allocate revenues, expenses, and net savings among such pools on an equitable basis.

Source Credit

History

(Pub. L. 92–181, title III, §3.26, as added Pub. L. 100–233, title IV, §415(2), Jan. 6, 1988, 101 Stat. 1644.)

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Bluebook (online)

12 U.S.C. § 2147, Counsel Stack Legal Research, https://law.counselstack.com/usc/12/2147.