Title 7, AgricultureRelease 119-110

§2009cc–12 Injunctions and Other Orders

Title 7 › CHAPTER 50 — AGRICULTURAL CREDIT › SUBCHAPTER VIII — RURAL BUSINESS INVESTMENT PROGRAM › § 2009cc–12

Last updated Sep 22, 2026|Official source

Summary

The Secretary can ask a federal district court to stop or force a rural business investment company or any other person from breaking rules under this subchapter. If the Secretary shows the company has broken or is about to break the rules, the court can issue a temporary or permanent order to stop the action or require compliance. The court will grant such orders without requiring a bond. The court can take full control of the company and its assets, no matter where they are. The court may name a trustee or receiver to hold or manage those assets. The Secretary may serve as that trustee or receiver, and the court must appoint the Secretary on request unless doing so would be unfair or otherwise inappropriate because of special circumstances.

Full Legal Text

Title 7, §2009cc–12

Agriculture, Source: USLM XML via OLRC

(a)In general

(1)Application by Secretary

Whenever, in the judgment of the Secretary, a rural business investment company or any other person has engaged or is about to engage in any act or practice that constitutes or will constitute a violation of a provision of this subchapter (including any rule, regulation, order, or participation agreement under this subchapter), the Secretary may apply to the appropriate district court of the United States for an order enjoining the act or practice, or for an order enforcing compliance with the provision, rule, regulation, order, or participation agreement.

(2)Jurisdiction; relief

The court shall have jurisdiction over the action and, on a showing by the Secretary that the rural business investment company or other person has engaged or is about to engage in an act or practice described in paragraph (1), a permanent or temporary injunction, restraining order, or other order, shall be granted without bond.

(b)Jurisdiction

(1)In general

In any proceeding under subsection (a), the court as a court of equity may, to such extent as the court considers necessary, take exclusive jurisdiction over the rural business investment company and the assets of the rural business investment company, wherever located.

(2)Trustee or receiver

The court shall have jurisdiction in any proceeding described in paragraph (1) to appoint a trustee or receiver to hold or administer the assets.

(c)Secretary as trustee or receiver

(1)Authority

The Secretary may act as trustee or receiver of a rural business investment company.

(2)Appointment

On the request of the Secretary, the court shall appoint the Secretary to act as a trustee or receiver of a rural business investment company unless the court considers the appointment inequitable or otherwise inappropriate by reason of any special circumstances involved.

Reference

Citations & Metadata

Citation

7 U.S.C. § 2009cc–12

Title 7, Agriculture

Last Updated

Sep 22, 2026

Release point: 119-110