§ 2277a. Definitions

414 words·~2 min read·/usc/title-12/section-2277a

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

As used in this part:

(1)Board of Directors The term “Board of Directors” means the Board of Directors of the Corporation.

(2)Corporation The term “Corporation” means the Farm Credit System Insurance Corporation established in section 2277a–1 of this title.

(3)Insured obligation The term “insured obligation” means any note, bond, debenture, or other obligation issued under subsection

(c)or

(d)of section 2153 of this title—

(A)on or before January 5, 1989, on behalf of any System bank; and

(B)after such date, which, when issued, is issued on behalf of any insured System bank.

(4)Insured System bank The term “insured System bank” means any System bank whose participation in notes, bonds, debentures, and other obligations issued under subsection

(c)or

(d)of section 2153 of this title is insured under this part.

(5)State The term “State” means any of the 50 States, the District of Columbia, any Territory of the United States, Puerto Rico, Guam, American Samoa, the Trust Territory of the Pacific Islands, or the Virgin Islands.

(Pub. L. 92–181, title V, § 5.51, as added Pub. L. 100–233, title III, § 302, Jan. 6, 1988, 101 Stat. 1611; amended Pub. L. 100–399, title III, § 302(a), (b), Aug. 17, 1988, 102 Stat. 994; Pub. L. 104–105, title II, § 214(a), Feb. 10, 1996, 110 Stat. 175.)