BS
Boise Standard
Treasure Valley · AI Directory
12 U.S.C. · Banks and Banking
12 U.S.C. § 2127

Guaranty fund subscriptions in lieu of stock

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

12 U.S.C. § 2127 — Guaranty fund subscriptions in lieu of stock

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 III - BANKS FOR COOPERATIVES Part A - Banks for Cooperatives Sec. 2127 - Guaranty fund subscriptions in lieu of stock From the U.S. Government Publishing Office, www.gpo.gov

§2127. Guaranty fund subscriptions in lieu of stock

If any cooperative association is not authorized under the laws of the State in which it is organized to take and hold stock in a bank for cooperatives, the bank shall, in lieu of any requirement for stock purchase, require the association to pay into or have on deposit in a guaranty fund, or the bank may retain out of the amount of the loan and credit to the guaranty fund account of the borrower, a sum equal to the amount of stock which the association would otherwise be required to own. Each reference to stock of the banks for cooperatives in this chapter shall include such guaranty fund equivalents. The holder of the guaranty fund equivalent and the bank shall each be entitled to the same rights and obligations with respect thereto as the rights and obligations associated with the class or classes of stock involved.

(Pub. L. 92–181, title III, §3.6, Dec. 10, 1971, 85 Stat. 604.)

Source: uscode.house.gov — public domain Official Source ↗
Root-LD Entity Data
◈ Machine-Readable Provenance Record Root-LD v1.0 · boisestandard.org
Federation ID
BS-USC12-SEC-C3CD9D
Entity Class
STATUTE / FEDERAL-CODE-SECTION
Domain Signature
boisestandard.org
Citation
12 U.S.C. § 2127
Jurisdiction
Federal — United States
Status
✓ ACTIVE
Source
PRIMARY-SOURCE
Source Verified
✓ TRUE
Content Hash
260df6f3c5f832fc...
Semantic Edges
Pending — corpus passes queued
The statutory text of 12 U.S.C. § 2127 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).
Navigate Corpus — Title 12
← 12 U.S.C. § 2126 12 U.S.C. § 2128 →
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
12 U.S.C. — public domain ← All Legislation
◈ Provenance
boisestandard.org → United States → Law → U.S. Code → Title 12 → 12 U.S.C. § 2127