Title 12 — Banks and BankingRelease 119-73not60
§2274 Power to Remove Directors and Officers
Title 12 › Chapter 23— FARM CREDIT SYSTEM › Subchapter V— FARM CREDIT ADMINISTRATION ORGANIZATION › Part C— Enforcement Powers of Farm Credit Administration › § 2274
Summary
A Farm Credit Bank’s board members, officers, and employees must not remove any director or officer of an association, even if other parts of this chapter seem to allow it.
Full Legal Text
Title 12, §2274
Banks and Banking — Source: USLM XML via OLRC
Notwithstanding any other provision of this chapter, a Farm Credit Bank board, officer, or employee shall not remove any director or officer of any association.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Amendments
2018—Pub. L. 115–334 substituted “a Farm Credit Bank board, officer, or employee shall not remove any director or officer of any” for “a farm credit district board, bank board, or bank officer or employee shall not remove any director or officer of any production credit association or Federal land bank”.
Reference
Citations & Metadata
Citation
12 U.S.C. § 2274
Title 12 — Banks and Banking
Last Updated
Apr 3, 2026
Release point: 119-73not60