U.S. Code » Title 12 » Chapter CHAPTER 23— FARM CREDIT SYSTEM › Subchapter SUBCHAPTER III— BANKS FOR COOPERATIVES › Part Part B— National Banks for Cooperatives

12 U.S.C. § 2147

Patronage pools

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Under such terms and conditions as may be determined by its board of directors, the consolidated bank may—(1) for a period of at least 3 years following January 6, 1988, establish separate patronage pools consisting of loans to eligible borrowers located in each constituent farm credit district (as such district existed on January 6, 1988); and(2) allocate revenues, expenses, and net savings among such pools on an equitable basis.(Pub. L. 92–181, title III, § 3.26, as added Pub. L. 100–233, title IV, § 415(2), Jan. 6, 1988, 101 Stat. 1644.)