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12 U.S.C. · Banks and Banking
12 U.S.C. § 1444

Eligibility to membership in banks

Ch. 11 — FEDERAL HOME LOAN BANKS
Title 12 U.S.C. ● ACTIVE Primary Source Ch. 11
Statutory Text

12 U.S.C. § 1444 — Eligibility to membership in banks

U.S.C. Title 12 - BANKS AND BANKING 12 U.S.C. United States Code, 2023 Edition Title 12 - BANKS AND BANKING CHAPTER 11 - FEDERAL HOME LOAN BANKS Sec. 1444 - Eligibility to membership in banks From the U.S. Government Publishing Office, www.gpo.gov

§1444. Eligibility to membership in banks

(a) Any organization organized under the laws of any State and subject to inspection and regulation under the banking or similar laws of such State shall be eligible to become a member under this chapter if— (1) it is organized solely for the purpose of supplying credit to its members; (2) its membership (A) is confined exclusively to building and loan associations, savings and loan associations, cooperative banks, and homestead associations; or (B) is confined exclusively to savings banks; and (3) of the institutions to which its membership is confined which are organized within the State, its membership includes a majority of such institutions.

(b) In all respects, but subject to such additional rules and regulations as the Director may provide, any such organization shall be a member for the purposes of this chapter.

(July 22, 1932, ch. 522, §24, 47 Stat. 739; Pub. L. 101–73, title VII, §701(b)(1), (3)(A), Aug. 9, 1989, 103 Stat. 412; Pub. L. 110–289, div. A, title II, §1204(8), July 30, 2008, 122 Stat. 2786.)

Editorial Notes

Amendments 2008—Subsec. (b). Pub. L. 110–289 substituted "the Director" for "the Board". 1989—Subsec. (b). Pub. L. 101–73 substituted "Board" for "board".

Source: uscode.house.gov — public domain Official Source ↗
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12 U.S.C. § 1444
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The statutory text of 12 U.S.C. § 1444 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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Ch. 11 — FEDERAL HOME LOAN BANKS
12 U.S.C. § 142112 U.S.C. § 142212 U.S.C. § 1422a12 U.S.C. § 142312 U.S.C. § 142412 U.S.C. § 142512 U.S.C. § 142612 U.S.C. § 1426a12 U.S.C. § 142712 U.S.C. § 142812 U.S.C. § 1428a12 U.S.C. § 142912 U.S.C. § 143012 U.S.C. § 1430a12 U.S.C. § 1430b12 U.S.C. § 1430c12 U.S.C. § 143112 U.S.C. § 143212 U.S.C. § 143312 U.S.C. § 143412 U.S.C. § 143512 U.S.C. § 143612 U.S.C. § 143712 U.S.C. § 143812 U.S.C. § 1438a12 U.S.C. § 143912 U.S.C. § 1439a12 U.S.C. § 144012 U.S.C. § 1440a12 U.S.C. § 1441
12 U.S.C. — public domain ← All Legislation
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