12 U.S.C. · Banks and Banking
12 U.S.C. § 2147

Patronage pools

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

12 U.S.C. § 2147 — Patronage pools

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 B - National Banks for Cooperatives Sec. 2147 - Patronage pools From the U.S. Government Publishing Office, www.gpo.gov

§2147. Patronage pools

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.)

Source: uscode.house.gov — public domain Official Source ↗
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12 U.S.C. § 2147
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The statutory text of 12 U.S.C. § 2147 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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