Title 12 — Banks and BankingRelease 119-73
§2014 Farm Credit Bank capitalization
Title 12 › Chapter CHAPTER 23— - FARM CREDIT SYSTEM › Subchapter SUBCHAPTER I— - FARM CREDIT BANKS › § 2014
Summary
Under section 2154a, Farm Credit Banks must put rules in their bylaws. Those bylaws, following Farm Credit Administration regulations, must explain how the bank is capitalized and how bank stock is issued, held, transferred, retired, and how earnings are distributed.
Full Legal Text
Title 12, §2014
Banks and Banking — Source: USLM XML via OLRC
In accordance with section 2154a of this title, the Farm Credit Banks shall provide, through bylaws and subject to Farm Credit Administration regulations, for the capitalization of the bank and the manner in which bank stock shall be issued, held, transferred, and retired and bank earnings distributed.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Prior Provisions
A prior section 2014, Pub. L. 92–181, title I, § 1.6, Dec. 10, 1971, 85 Stat. 585; Pub. L. 96–592, title I, § 103, Dec. 24, 1980, 94 Stat. 3438, related to real estate mortgage loans, prior to the general amendment of this subchapter by Pub. L. 100–233, § 401.
Statutory Notes and Related Subsidiaries
Effective Date
Pub. L. 100–233, title IV, § 401, Jan. 6, 1988, 101 Stat. 1622, provided that this section is effective 6 months after Jan. 6, 1988.
Reference
Citations & Metadata
Citation
12 U.S.C. § 2014
Title 12 — Banks and Banking
Last Updated
Apr 6, 2026
Release point: 119-73