§ 2141. Charter, powers, and operation
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/usc/title-12/section-2141A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Charter The National Bank for Cooperatives (hereinafter in this part referred to as the “consolidated bank”), established under section 413 of the Agricultural Credit Act of 1987, shall be a federally chartered instrumentality of the United States and an institution of the Farm Credit System.
(b)Powers The consolidated bank and the board of directors of such bank shall have all of the powers, rights, responsibilities, and obligations of the constituent banks described in section 413(b) of the Agricultural Credit Act of 1987 (12 U.S.C. 2121 note; Public Law 100–233) and the boards of directors of such banks, except as otherwise provided for in this chapter.
(c)Operation The consolidated bank shall be organized and operated on a cooperative basis.
(Pub. L. 92–181, title III, § 3.20, as added Pub. L. 100–233, title IV, § 415(2), Jan. 6, 1988, 101 Stat. 1642; amended Pub. L. 100–399, title IV, § 407(a), (b), Aug. 17, 1988, 102 Stat. 1000; Pub. L. 115–334, title V, § 5411(13), Dec. 20, 2018, 132 Stat. 4680.)
Connections19 cite this · traces to 3
Cited by 19 sections · top 11
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- Public Law 115–334To provide for the reform and continuation of agricultural and other programs of the Department of Agriculture through fiscal year 2023, and for other purposes
- Public Law 100–399To make technical corrections to the agricultural credit laws
- Public Law 100–233To provide credit assistance to farmers, to strengthen the Farm Credit System, to facilitate the establishment of secondary markets for agricultural loans, and for other purposes
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- Public Law 100–233
- Pub. L. 92–181, title III, § 3
- Pub. L. 100–233, title IV, § 415(2)
- 101 Stat. 1642
- Pub. L. 100–399, title IV, § 407(a)
- 102 Stat. 1000
- 132 Stat. 4680
- section 413 of Pub. L. 100–233
- Pub. L. 100–399, § 407(a)
- Pub. L. 100–399, § 407(b)
- Pub. L. 100–399
- Pub. L. 100–233
- section 1001(a) of Pub. L. 100–399
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§ 2141
Charter, powers, and operation
Bills×10
Stat.×4
Stat. Comp.×3
Pub. L.×2
Pub. L.Public Law 100–233
Pub. L.Pub. L. 92–181, title III, § 3
Pub. L.Pub. L. 100–233, title IV, § 415(2)
Stat.101 Stat. 1642
Pub. L.Pub. L. 100–399, title IV, § 407(a)
Cites 16 · showing 8Cited by 19 across 4 sources