§ 2259. State legislation

139 words·~1 min read·/usc/title-12/section-2259

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Whenever it is determined by the Farm Credit Administration, or by judicial decision, that a State law is applicable to the obligations and securities authorized to be held by the institutions of the System under this chapter, which law would provide insufficient protection or inadequate safeguards against loss in the event of default, the Farm Credit Administration may declare such obligations or securities to be ineligible as collateral for the issuance of new notes, bonds, debentures, and other obligations under this chapter.

(Pub. L. 92–181, title V, § 5.24, formerly § 5.25, Dec. 10, 1971, 85 Stat. 624; renumbered § 5.24, Pub. L. 99–205, title II, § 203(b), Dec. 23, 1985, 99 Stat. 1694.)

Connections2 cite this · traces to 1

Cited by 2 sections

U.S. Code

§ 2261
Cease and desist proceedings

statute-compilations

Sec. 5.24
State Legislation

Traces to 1 document

U.S. Code

Jurisdiction
§ 2258

5 references not yet in our index

Pub. L. 92–181, title V, § 5
85 Stat. 624
Pub. L. 99–205, title II, § 203(b)
99 Stat. 1694
Pub. L. 92–181

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cites case law

§ 2259

State legislation

Stat. Comp.×1

U.S.C.×1

U.S.C.§ 2258

Pub. L.Pub. L. 92–181, title V, § 5

Stat.85 Stat. 624

Pub. L.Pub. L. 99–205, title II, § 203(b)

Stat.99 Stat. 1694

Pub. L.Pub. L. 92–181

Cites 6Cited by 2 across 2 sources