12-U.S.C.-2278A
§2278A – Establishment of Board
Pathway
Title 12 > Chapter 23 > Subchapter VI > Part A > Section 2278a
Details
- Reference: Section 2278a
- Legend: §2278A – Establishment of Board
- USCode Year: 2013
Provision Content
(a) Charters
On the date which is 15 days after January 6, 1988, the Farm Credit Administration shall revoke the charter of the Farm Credit System Capital Corporation (hereinafter referred to in this subchapter as the Capital Corporation) and shall charter the Farm Credit System Assistance Board (hereinafter referred to in this chapter as the Assistance Board) that, subject to this part, shall be a Federally chartered instrumentality of the United States.
(b) Use of Capital Corporation staff
During the 90-day period beginning on the date of the revocation of the charter of the Capital Corporation, the Assistance Board may temporarily employ, by contract or otherwise under reasonable and necessary terms and conditions, such staff of the Capital Corporation as is necessary to facilitate and effectuate an orderly transition to, and commencement of, the Assistance Board, and the termination of the affairs of the Capital Corporation.
(Pub. L. 92–181, title VI, §6.0, as added Pub. L. 100–233, title II, §201, Jan. 6, 1988, 101 Stat. 1585.)
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.-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.
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