12-U.S.C.-2278A-8

§2278A-8 – §2278A-8. Limitation of Powers

Pathway

Title 12 > Chapter 23 > Subchapter VI > Part A > Section 2278a-8

Details

• Reference: Section 2278a-8
• Legend: §2278A-8 – §2278A-8. Limitation of Powers
• USCode Year: 2013

Provision Content

(a) Purposes

The powers of the Assistance Board under this subchapter shall be exercised only for the purposes specified in this subchapter and shall not be exercised in a manner that would result in the Assistance Board supplanting the Farm Credit System lending institutions as the primary providers of credit and other financial services to farmers, ranchers, and the cooperatives of such.

(b) Prohibition

The powers of the Assistance Board under this subchapter shall not include the management, administration, or disposition of any loans or other assets owned by other System institutions, or the providing of technical assistance or other related services to other System institutions in connection with the administration of loans owned by such other institutions.

(Pub. L. 92–181, title VI, §6.8, as added Pub. L. 100–233, title II, §201, Jan. 6, 1988, 101 Stat. 1591.)

U.S. Encyclopedia of Law Coverage

Part A – Assistance Board in the Legal Encyclopedia: Banking Law

In this entry about Part A – Assistance Board, 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.-2278A-2 in the Legal Encyclopedia: Farm Credit System

In this entry about 12-U.S.C.-2278A-2, 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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