12 U.S.C. § 2014
Farm Credit Bank capitalization
In accordance with section 2154a of this title, the Farm Credit Banks shall provide, through bylaws and subject to Farm Credit Administration regulations, for the capitalization of the bank and the manner in which bank stock shall be issued, held, transferred, and retired and bank earnings distributed.
Notes of Decisions
Cited in 3
cases, 1990–1996 · leading case: First South Prod. Credit Assoc. v. Farm Credit Admin., 729 F. Supp. 1559 (E.D. Va. 1990).
First South Prod. Credit Assoc. v. Farm Credit Admin., 729 F. Supp. 1559 (E.D. Va. 1990). “12 U.S. C.A. § 2014 (repealed 1988). A federal land bank’s relationship to the federal intermediate credit bank within the same district does not determine its status.”
First South Prod. Credit Ass'n v. Farm Credit Admin., 926 F.2d 339 (4th Cir. 1991). “Prior to 1988, each district was served by three system banks which operated under a single district board of directors: first, a Federal Land Bank (“FLB”) which made long-term real estate loans through Federal Land Bank Associations (“FLBAs”), see 12 U.S.C.A. §§ 2014 , 2020…”
Indep. Bankers Ass'n v. Nat'l Credit Union Admin., 936 F. Supp. 605 (W.D. Wis. 1996). “12 U.S.C. §§ 2014 , 2074. In fact, the United States is not liable for the notes, bonds, debentures or any other obligation issued by the Farm Credit Banks, 12 U.”
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