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12 U.S.C. · Banks and Banking
12 U.S.C. § 2072

Board of directors

Ch. 23 — FARM CREDIT SYSTEM
Title 12 U.S.C. ● ACTIVE Primary Source Ch. 23
Statutory Text

12 U.S.C. § 2072 — Board of directors

U.S.C. Title 12 - BANKS AND BANKING 12 U.S.C. United States Code, 2023 Edition Title 12 - BANKS AND BANKING CHAPTER 23 - FARM CREDIT SYSTEM SUBCHAPTER II - FARM CREDIT ASSOCIATIONS Part A - Production Credit Associations Sec. 2072 - Board of directors From the U.S. Government Publishing Office, www.gpo.gov

§2072. Board of directors

Each production credit association shall elect from the voting members of such association, a board of directors of such number, for such terms, with such qualifications, and in such manner as may be required by the bylaws of the association, except that at least one member shall be elected by the other directors, which member shall not be a director, officer, employee, stockholder, or agent of a System institution.

(Pub. L. 92–181, title II, §2.1, as added Pub. L. 100–233, title IV, §401, Jan. 6, 1988, 101 Stat. 1630; amended Pub. L. 100–399, title IV, §401(n), Aug. 17, 1988, 102 Stat. 997; Pub. L. 102–237, title V, §502(c), Dec. 13, 1991, 105 Stat. 1868.)

Editorial Notes

Prior Provisions A prior section 2072, Pub. L. 92–181, title II, §2.1, Dec. 10, 1971, 85 Stat. 591; Pub. L. 96–592, title II, §201, Dec. 24, 1980, 94 Stat. 3439; Pub. L. 99–205, title II, §205(e)(1), Dec. 23, 1985, 99 Stat. 1704; Pub. L. 100–233, title VII, §705(c), title VIII, §§802(i), 805(d), Jan. 6, 1988, 101 Stat. 1707, 1711, 1715; Pub. L. 100–399, title VI, §604, title IX, §901(b), Aug. 17, 1988, 102 Stat. 1006, 1007, related to corporate existence and general corporate powers, prior to the general amendment of this subchapter by Pub. L. 100–233, §401.

Amendments 1991—Pub. L. 102–237 substituted "stockholder, or agent" for "or stockholder". 1988—Pub. L. 100–399 struck out the comma after "except that".

Statutory Notes and Related Subsidiaries

Effective Date of 1988 Amendment Amendment by Pub. L. 100–399 effective immediately after amendment made by section 401 of Pub. L. 100–233, which was effective 6 months after Jan. 6, 1988, see section 1001(b) of Pub. L. 100–399, set out as a note under section 2002 of this title.

Effective Date Pub. L. 100–233, title IV, §401, Jan. 6, 1988, 101 Stat. 1622, provided in part that this section is effective 6 months after Jan. 6, 1988.

Source: uscode.house.gov — public domain Official Source ↗
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The statutory text of 12 U.S.C. § 2072 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. 23 — FARM CREDIT SYSTEM
12 U.S.C. § 200112 U.S.C. § 200212 U.S.C. § 201112 U.S.C. § 201212 U.S.C. § 201312 U.S.C. § 201412 U.S.C. § 201512 U.S.C. § 201612 U.S.C. § 201712 U.S.C. § 201812 U.S.C. § 201912 U.S.C. § 202012 U.S.C. § 202112 U.S.C. § 202212 U.S.C. § 202312 U.S.C. § 207112 U.S.C. § 207212 U.S.C. § 207312 U.S.C. § 207412 U.S.C. § 207512 U.S.C. § 207612 U.S.C. § 2076a12 U.S.C. § 207712 U.S.C. § 209112 U.S.C. § 209212 U.S.C. § 209312 U.S.C. § 209412 U.S.C. § 209512 U.S.C. § 209612 U.S.C. § 2097
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