FEDERAL · 12 U.S.C. · Chapter 23

Power to remove directors and officers

Current through Pub. L. 119-102
Title 12Banks and Banking·Ch. 23 — FARM CREDIT SYSTEM·Subch. V·Pt. C
Notwithstanding any other provision of this chapter, a Farm Credit Bank board, officer, or employee shall not remove any director or officer of any association.

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History

(Pub. L. 92–181, title V, §5.38, as added Pub. L. 100–233, title IV, §432(c), Jan. 6, 1988, 101 Stat. 1661; amended Pub. L. 115–334, title V, §5411(35), Dec. 20, 2018, 132 Stat. 4683.)

Editorial Notes

Editorial Notes

Amendments
2018—Pub. L. 115–334 substituted "a Farm Credit Bank board, officer, or employee shall not remove any director or officer of any" for "a farm credit district board, bank board, or bank officer or employee shall not remove any director or officer of any production credit association or Federal land bank".