§ 2203. Nomination of association directors; representative selection of nominees

280 words·~1 min read·/usc/title-12/section-2203

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Each production credit association and each Federal land bank association shall elect a nominating committee by vote of the stockholders at the annual meeting to serve for the following year. Each nominating committee shall review lists of farmers from the association territory, determine their willingness to serve, and submit for election a slate of eligible candidates which shall include at least two nominees for each elective office to be filled. In doing so, the committee shall endeavor to assure representation to all sections of the association territory and as nearly as possible to all types of agriculture practiced within the area.

Employees of the association shall not be eligible to be nominated, elected, or serve as a member of the board. Nominations shall also be accepted from the floor. Members of the board are not eligible to serve on the nominating committee. Regulations of the Farm Credit Administration governing the election of bank directors shall similarly assure a choice of two nominees for each elective office to be filled and that the bank board represent as nearly as possible all types of agriculture in the district.

(Pub. L. 92–181, title IV, § 4.15, Dec. 10, 1971, 85 Stat. 613; Pub. L. 100–399, title IX, § 901(g), Aug. 17, 1988, 102 Stat. 1007.)

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Cited by 2 sections

statutes-at-large

Public Law 100–399
To make technical corrections to the agricultural credit laws

statute-compilations

Sec. 4.15
Nomination of Association Directors; Representative Selection of Nominees

Traces to 1 document

U.S. Code

APPROPRIATED FUNDS REQUIREMENT FOR BELOW-MARKET SALES.
§ 2002

7 references not yet in our index

Pub. L. 92–181, title IV, § 4
85 Stat. 613
Pub. L. 100–399, title IX, § 901(g)
102 Stat. 1007
Pub. L. 100–399
Pub. L. 100–233
section 1001(a) of Pub. L. 100–399

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cites case law

§ 2203

Nomination of association directors; representative selection of nominees

Stat. Comp.×1

Stat.×1

U.S.C.§ 2002

Pub. L.Pub. L. 92–181, title IV, § 4

Stat.85 Stat. 613

Pub. L.Pub. L. 100–399, title IX, § 901(g)

Stat.102 Stat. 1007

Pub. L.Pub. L. 100–399

Cites 8 · showing 6Cited by 2 across 2 sources