FEDERAL · 12 U.S.C. · Chapter 24

General powers

Current through Pub. L. 119-102
Title 12Banks and Banking·Ch. 24 — FEDERAL FINANCING BANK

The Bank shall have power—

(1)to sue and be sued, complain, and defend, in its corporate name;
(2)to adopt, alter, and use a corporate seal, which shall be judicially noticed;
(3)to adopt, amend, and repeal bylaws, rules, and regulations as may be necessary for the conduct of its business;
(4)to conduct its business, carry on its operations, and have offices and exercise the powers granted by this chapter in any State without regard to any qualification or similar statute in any State;
(5)to lease, purchase, or otherwise acquire, own, hold, improve, use, or otherwise deal in and with any property, real, personal, or mixed, or any interest therein, wherever situated;
(6)to accept gifts or donations of services, or of property, real, personal, or mixed, tangible or intangible, in aid o

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Related

Brazos Electric Power Cooperative, Inc. v. United States
52 Fed. Cl. 121 (Federal Claims, 2002)
9 case citations
Kinetic Systems, Inc. v. Federal Financing Bank
895 F. Supp. 2d 983 (N.D. California, 2012)
2 case citations

Source Credit

History

(Pub. L. 93–224, §10, Dec. 29, 1973, 87 Stat. 940.)