12-U.S.C.-2277A

§2277A – Definitions

Pathway

Title 12 > Chapter 23 > Subchapter V > Part E > Section 2277a

Details

• Reference: Section 2277a
• Legend: §2277A – Definitions
• USCode Year: 2013

Provision Content

As used in this part:

(1) Board of Directors

The term Board of Directors means the Board of Directors of the Corporation.

(2) Corporation

The term Corporation means the Farm Credit System Insurance Corporation established in section 2277a–1 of this title.

(3) Insured obligation

The term insured obligation means any note, bond, debenture, or other obligation issued under subsection (c) or (d) of section 2153 of this title—

(A) on or before January 5, 1989, on behalf of any System bank; and

(B) after such date, which, when issued, is issued on behalf of any insured System bank.

(4) Insured System bank

The term insured System bank means any System bank whose participation in notes, bonds, debentures, and other obligations issued under subsection (c) or (d) of section 2153 of this title is insured under this part.

(5) State

The term State means any of the 50 States, the District of Columbia, any Territory of the United States, Puerto Rico, Guam, American Samoa, the Trust Territory of the Pacific Islands, or the Virgin Islands.

(Pub. L. 92–181, title V, §5.51, as added Pub. L. 100–233, title III, §302, Jan. 6, 1988, 101 Stat. 1611; amended Pub. L. 100–399, title III, §302(a), (b), Aug. 17, 1988, 102 Stat. 994; Pub. L. 104–105, title II, §214(a), Feb. 10, 1996, 110 Stat. 175.)

Amendments

1996—Pars. (5), (6). Pub. L. 104–105 redesignated par. (6) as (5) and struck out heading and text of former par. (5). Text read as follows: The term ‘receiver’ means a receiver or conservator appointed by the Farm Credit Administration for a System institution.

1988—Par. (3)(A), (B). Pub. L. 100–399, §302(a), amended subpars. (A) and (B) generally. Prior to amendment, subpars. (A) and (B) read as follows:

(A) on or before January 6, 1988, on behalf of any System bank; and

(B) after such date, on behalf of any insured System bank.

Par. (5). Pub. L. 100–399, §302(b), substituted for for to liquidate.

Effective Date of 1988 Amendment

Amendment by Pub. L. 100–399 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 a note under section 2002 of this title.

Termination of Trust Territory of the Pacific Islands

For termination of Trust Territory of the Pacific Islands, see note set out preceding section 1681 of Title 48, Territories and Insular Possessions.

U.S. Encyclopedia of Law Coverage

12-U.S.C.-2273 in the Legal Encyclopedia: Banking Law

In this entry about 12-U.S.C.-2273, find legal reference material, bibliographies and premiere content related to banking law in the American Encyclopedia of Law, presenting a comprehensive view of the United States banking law-specific issues, written by authorities in the field.

12-U.S.C.-2277A in the Legal Encyclopedia: Farm Credit System

In this entry about 12-U.S.C.-2277A, find legal reference material, bibliographies and premiere content related to farm credit system in the American Encyclopedia of Law, presenting a comprehensive view of the United States farm credit system-specific issues, written by authorities in the field.

Topic Map

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