12 U.S.C. § 2022

Current through P.L. 118-106 (published on www.congress.gov on 10/04/2024)

Section 2022 - Liens on stock

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.

12 U.S.C. § 2022

Pub. L. 92-181, title I, §1.14, as added Pub. L. 100-233, title IV, §401, Jan. 6, 1988, 101 Stat. 1629.

EDITORIAL NOTES

PRIOR PROVISIONSA 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 DATEPub. L. 100-233, title IV, §401, Jan. 6, 1988, 101 Stat. 1622, provided that this section is effective 6 months after Jan. 6, 1988.

credit

The term "credit" means the right granted by a person to a consumer to defer payment of a debt, incur debt and defer its payment, or purchase property or services and defer payment for such purchase.