Title 12 — Banks and BankingRelease 119-73not60
§2022 Liens on Stock
Title 12 › Chapter 23— FARM CREDIT SYSTEM › Subchapter I— FARM CREDIT BANKS › § 2022
Summary
Farm Credit Banks have the first claim on any shares or participation certificates they issue. That means the bank can use those shares or certificates first to pay off any debts the stockholders owe 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
Apr 3, 2026
Release point: 119-73not60