12-U.S.C.-2278B

§2278B – Establishment of Corporation

Pathway

Title 12 > Chapter 23 > Subchapter VI > Part B > Section 2278b

Details

• Reference: Section 2278b
• Legend: §2278B – Establishment of Corporation
• USCode Year: 2013

Provision Content

Not later than 5 days after January 6, 1988, the Farm Credit Administration shall charter the Farm Credit System Financial Assistance Corporation (hereinafter referred to in this chapter as the Financial Assistance Corporation) which shall be—

(1) an institution of the Farm Credit System; and

(2) a Federally chartered instrumentality of the United States.

(Pub. L. 92–181, title VI, §6.20, as added Pub. L. 100–233, title II, §201, Jan. 6, 1988, 101 Stat. 1595.)

Financial Report

Pub. L. 100–233, title II, §206, Jan. 6, 1988, 101 Stat. 1607, provided that: During the period beginning September 30, 2001, and ending December 31, 2001, the Farm Credit Administration shall review and evaluate the financial condition of the Farm Credit System and report to the Secretary of the Treasury and the appropriate committees of Congress on—

(1) the general financial condition of each System institution;

(2) the total outstanding principal of debt obligations issued under section 6.26 of the Farm Credit Act of 1971 (as added by section 201 of this Act) [12 U.S.C. 2278b–6]; and

(3) the ability of each System institution to retire, at par value, preferred stock issued by the institution in accordance with section 6.27 of the Farm Credit Act of 1971 (as added by section 201 of this Act) [12 U.S.C. 2278b–7].

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.

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