
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 12USC2076a]

 
                       TITLE 12--BANKS AND BANKING
 
                     CHAPTER 23--FARM CREDIT SYSTEM
 
                 SUBCHAPTER II--FARM CREDIT ASSOCIATIONS
 
                 Part A--Production Credit Associations
 
Sec. 2076a. Liens on stock

    Except with regard to stock or participation certificates held by 
other Farm Credit System institutions, each production credit 
association shall have a first lien on stock and participation 
certificates the association issues, on allocated surplus, and on 
investments in equity reserve, for any indebtedness of the holder of the 
capital investments and, in the case of equity reserves, for charges for 
association losses in excess of reserves and surpluses.

(Pub. L. 92-181, title II, Sec. 2.6, as added Pub. L. 101-624, title 
XVIII, Sec. 1833(2), Nov. 28, 1990, 104 Stat. 3832.)


                            Prior Provisions

    A prior section 2.6 of Pub. L. 92-181 was renumbered section 2.7 and 
is classified to section 2077 of this title.


                             Effective Date

    Section effective Jan. 7, 1988, see section 1861(d) of Pub. L. 101-
624, set out as an Effective Date of 1990 Amendment note under section 
2001 of Title 7, Agriculture.
