Title 12 — Banks and BankingRelease 119-73
§2146 Capitalization
Title 12 › Chapter CHAPTER 23— - FARM CREDIT SYSTEM › Subchapter SUBCHAPTER III— - BANKS FOR COOPERATIVES › Part Part B— - National Banks for Cooperatives › § 2146
Summary
Each consolidated bank must put in its bylaws, and follow Farm Credit Administration rules, how it will be funded. Those bylaws must explain how bank stock is issued, owned, transferred, retired, and how the bank’s earnings are paid out.
Full Legal Text
Title 12, §2146
Banks and Banking — Source: USLM XML via OLRC
In accordance with section 2154a of this title, each consolidated bank 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
Amendments
1988—Pub. L. 100–399 amended section generally. Prior to amendment, section read as follows: “The board of directors of the consolidated bank shall provide for the capitalization of such bank in accordance with the provisions of section 2154a of this title.”
Statutory Notes and Related Subsidiaries
Effective Date
of 1988 AmendmentAmendment by Pub. L. 100–399 effective as if enacted immediately after enactment of Pub. L. 100–233, which was approved Jan. 6, 1988, see section 1001(a) of Pub. L. 100–399, set out as a note under section 2002 of this title.
Reference
Citations & Metadata
Citation
12 U.S.C. § 2146
Title 12 — Banks and Banking
Last Updated
Apr 6, 2026
Release point: 119-73