12 U.S.C. § 1445
Succession of Federal Home Loan Banks
Each Federal Home Loan Bank shall have succession until dissolved by the Director under this chapter or by further act of Congress.
Notes of Decisions
Cited in 3
cases, 1949–2017 · leading case: Fahey v. O'Melveny & Myers Fed. Home Loan Bank of San Francisco v. O'Melveny & Myers, 200 F.2d 420 (9th Cir. 1952).
Fahey v. O'Melveny & Myers Fed. Home Loan Bank of San Francisco v. O'Melveny & Myers, 200 F.2d 420 (9th Cir. 1952). “That no illusions might remain concerning the intent of Congress to retain a firm control over the life tenure and affairs of these banks, it adopted the expedient of serving an unusual and very blunt legislative caveat in the language of Title 12 U.S.C.A. §§ 1445 , 1446 and…”
Fairholme Funds, Inc. v. United States, 681 F. App'x 945 (Fed. Cir. 2017). “Under the agreements, Treasury committed to provide up to $100 billion to each of Fannie Mae and Freddie Mac, and in return, Treasury received $1 billion in senior preferred stock from each company, a 10% dividend on the amount that was invested, and a warrant to purchase 79.”
Mallonee v. Fahey, 14 F.R.D. 273 (S.D. Cal. 1949). ““Pursuant to Section 25 of the Federal Home Loan Bank Act, as amended [ 12 U.S.C.A. § 1445 ], and the powers vested in me by law the Federal Home Loan Bank of Los Angeles is dissolved.”
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