
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: 12USC2092]

 
                       TITLE 12--BANKS AND BANKING
 
                     CHAPTER 23--FARM CREDIT SYSTEM
 
                 SUBCHAPTER II--FARM CREDIT ASSOCIATIONS
 
                 Part B--Federal Land Bank Associations
 
Sec. 2092. Board of directors

    Each Federal land bank association shall elect from its voting 
shareholders a board of directors of such number, for such terms, in 
such manner, and with such qualifications as may be required by its 
bylaws except that, at least one member shall be elected by the other 
directors, which member shall not be a director, officer, employee, 
stockholder, or agent of a System institution.

(Pub. L. 92-181, title II, Sec. 2.11, as added Pub. L. 100-233, title 
IV, Sec. 401, Jan. 6, 1988, 101 Stat. 1635; amended Pub. L. 102-237, 
title V, Sec. 502(d), Dec. 13, 1991, 105 Stat. 1868.)


                            Prior Provisions

    A prior section 2092, Pub. L. 92-181, title II, Sec. 2.11, Dec. 10, 
1971, 85 Stat. 598, related to board of directors, prior to the general 
amendment of this subchapter by Pub. L. 100-233, Sec. 401.


                               Amendments

    1991--Pub. L. 102-237 substituted ``stockholder, or agent'' for ``or 
stockholder''.
