Title 12, Banks and BankingRelease 119-102
§2022 Liens on Stock
Title 12 › CHAPTER 23 — FARM CREDIT SYSTEM › SUBCHAPTER I — FARM CREDIT BANKS › § 2022
Summary
A Farm Credit Bank has the first claim on any shares or participation certificates it issues. The bank can use those shares or certificates to pay a stockholder’s debt to the bank.
Full Legal Text
Title 12, §2022
Banks and Banking, Source: USLM XML via OLRC
The Farm Credit Banks shall have a first lien on the stock or participation certificates it issues for the payment of any liability of the stockholders to the bank.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Prior Provisions
A prior section 1.14 of Pub. L. 92–181 was classified to section 2032 of this title 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. § 2022
Title 12, Banks and Banking
Last Updated
Aug 21, 2026
Release point: 119-102