12 U.S.C. § 2279a-3

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

Section 2279a-3 - Capitalization

In accordance with section 2154a of this title, each merged bank shall provide, through bylaws and subject to Farm Credit Administration regulations, for the capitalization of the bank and the manner in which bank stock shall be issued, held, transferred, and retired and bank earnings distributed.

12 U.S.C. § 2279a-3

Pub. L. 92-181, title VII, §7.3, as added Pub. L. 100-399, title IV, §408(d), Aug. 17, 1988, 102 Stat. 1001.

EDITORIAL NOTES

PRIOR PROVISIONSA prior section 2279a-3, Pub. L. 92-181, title VII, §7.3, as added Pub. L. 100-233 title IV, §416, Jan. 6, 1988, 101 Stat. 1645, related to issuance of shares of capital stock, prior to repeal by Pub. L. 100-399, title IV, §408(d), Aug. 17, 1988, 102 Stat. 1001.

STATUTORY NOTES AND RELATED SUBSIDIARIES

EFFECTIVE DATESection effective as if enacted immediately after enactment of Pub. L. 100-233 which was approved Jan. 6, 1988, see section 1001(a) of Pub. L. 100-399 set out as an Effective Date of 1988 Amendment note under section 2002 of this title.

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.