FEDERAL · 12 U.S.C. · Chapter SUBCHAPTER V—FARM CREDIT ADMINISTRATION ORGANIZATION
Replacement of suspended or removed directors
12 U.S.C. § 2270
This text of 12 U.S.C. § 2270 (Replacement of suspended or removed 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. § 2270.
Text
If at any time, because of the suspension or removal of one or more directors pursuant to section 2264 or 2265 of this title, there shall be on the board of directors of a System institution less than a quorum of directors not so suspended, the Chairman shall appoint persons to serve temporarily as directors in their place and stead so as to establish a quorum until such time as those who have been removed are reinstated or their respective successors are duly elected and take office.
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Related
§ 2264
12 U.S.C. § 2264
Source Credit
History
(Pub. L. 92–181, title V, §5.34, as added Pub. L. 99–205, title II, §204, Dec. 23, 1985, 99 Stat. 1701.)
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.
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.
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Bluebook (online)
12 U.S.C. § 2270, Counsel Stack Legal Research, https://law.counselstack.com/usc/12/2270.