12 U.S.C. § 2184

Current through P.L. 118-106 (published on www.congress.gov on 10/04/2024)
Section 2184 - Communications with stockholders
(a) Provision of stockholder lists
(1) In general

A Farm Credit System bank or association shall provide to a stockholder of the bank or association a current list of stockholders of the bank or association not later than 7 calendar days after the date on which the bank or association receives a written request for the stockholder list from the stockholder.

(2) Conditions

As a condition of providing a stockholder list under paragraph (1), the bank or association may require that the stockholder agree and certify in writing that the stockholder will-

(A) use the list exclusively for communicating with stockholders for permissible purposes; and
(B) not make the list available to any person, other than the stockholder's attorney or accountant, without first obtaining the written consent of the institution.
(b) Alternative communications
(1) Request to issue

As an alternative to receiving a list of stockholders, a stockholder may request the institution to mail or otherwise furnish to each stockholder a communication for a permissible purpose on behalf of the requesting stockholder.

(2) When permissible

Alternative communications may be used, at the discretion of the requesting stockholder, if the requester agrees to defray the reasonable costs of the communication. If the requester decides to exercise this option, the institution shall provide the requester with a written estimate of the costs of handling and mailing the communication as soon as is practicable after receipt of the stockholder's request to furnish the communication.

12 U.S.C. § 2184

Pub. L. 92-181, title IV, §4.12A, as added Pub. L. 100-233, title IV, §420, Jan. 6, 1988, 101 Stat. 1653; amended Pub. L. 115-334, title V, §5411(21), Dec. 20, 2018, 132 Stat. 4681.

EDITORIAL NOTES

AMENDMENTS2018-Subsec. (a)(1). Pub. L. 115-334 added par. (1) and struck out former par. (1). Prior to amendment, text read as follows: "Within 7 days after receipt of a written request by a stockholder, a bank for cooperatives, Federal land bank association, or production credit association shall provide a current list of its stockholders to such requesting stockholder."

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.
person
The term "person" means an individual, partnership, company, corporation, association (incorporated or unincorporated), trust, estate, cooperative organization, or other entity.