12 U.S.C. § 2219 — Limitation on separate sale

FEDERAL · 12 U.S.C. · Chapter 23

Limitation on separate sale

Current through Pub. L. 119-102

Title 12 — Banks and Banking·Ch. 23 — FARM CREDIT SYSTEM·Subch. IV·Pt. G

If real property is acquired by any institution of the Farm Credit System through foreclosure, no institution of the Farm Credit System shall sell the surface rights to that real property to any person unless the institution also sells all mineral rights to that real property to that person.

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Bailey L. Wiener Lee R. Wiener v. Eastern Arkansas Planting Company, an Arkansas General Partnership, West Memphis, Arkansas N.S. Garrott & Sons, an Arkansas General Partnership, West Memphis, Arkansas Agribank, Fcb. Bailey L. Wiener Lee R. Wiener v. Eastern Arkansas Planting Company, an Arkansas General Partnership, West Memphis, Arkansas N.S. Garrott & Sons, an Arkansas General Partnership, West Memphis, Arkansas, Agribank, Fcb

975 F.2d 1350 (Eighth Circuit, 1992)

Source Credit

History

(Pub. L. 92–181, title IV, §4.35, as added Pub. L. 99–205, title III, §306, Dec. 23, 1985, 99 Stat. 1709.)

Editorial Notes

Statutory Notes and Related Subsidiaries

Effective Date
Section effective thirty days after Dec. 23, 1985, see section 401 of Pub. L. 99–205, set out as an Effective Date of 1985 Amendment note under section 2001 of this title.