Title 12 — Banks and BankingRelease 119-73
§2097 Liens on stock
Title 12 › Chapter CHAPTER 23— - FARM CREDIT SYSTEM › Subchapter SUBCHAPTER II— - FARM CREDIT ASSOCIATIONS › Part Part B— - Federal Land Bank Associations › § 2097
Summary
Each Federal land bank association has the first claim on the stock and participation certificates it issues, except for those held by other Farm Credit System institutions. That claim can be used to pay any debt the holder owes to the association or to the bank.
Full Legal Text
Title 12, §2097
Banks and Banking — Source: USLM XML via OLRC
Each Federal land bank association shall have a first lien on the stock and participation certificates it issues, except on stock or participation certificates held by other Farm Credit System institutions, for the payment of any liability of the stockholder to the association or to the bank, or to both of them.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Prior Provisions
A prior section 2097, Pub. L. 92–181, title II, § 2.16, Dec. 10, 1971, 85 Stat. 602; Pub. L. 96–592, title II, § 211, Dec. 24, 1980, 94 Stat. 3443, related to other services, prior to the general amendment of this subchapter by Pub. L. 100–233, § 401. A prior section 2.15 of Pub. L. 92–181 was renumbered section 2.14 and is classified to section 2096 of this title.
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. § 2097
Title 12 — Banks and Banking
Last Updated
Apr 6, 2026
Release point: 119-73