12-U.S.C.-2184
§2184 – Communications With Stockholders
Pathway
Title 12 > Chapter 23 > Subchapter IV > Part B > Section 2184
Details
- Reference: Section 2184
- Legend: §2184 – Communications With Stockholders
- USCode Year: 2013
Provision Content
(a) Provision of stockholder lists
(1) In general
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.
(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 stockholders 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 stockholders request to furnish the communication.
(Pub. L. 92–181, title IV, §4.12A, as added Pub. L. 100–233, title IV, §420, Jan. 6, 1988, 101 Stat. 1653.)
U.S. Encyclopedia of Law Coverage
12-U.S.C.-2145 in the Legal Encyclopedia: Banking Law
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Part A – Funding in the Legal Encyclopedia: Farm Credit System
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