
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: 12USC2096]

 
                       TITLE 12--BANKS AND BANKING
 
                     CHAPTER 23--FARM CREDIT SYSTEM
 
                 SUBCHAPTER II--FARM CREDIT ASSOCIATIONS
 
                 Part B--Federal Land Bank Associations
 
Sec. 2096. Agreements for sharing gains or losses

    Each Farm Credit Bank may enter into agreements with Federal land 
bank associations in its district for sharing the gain or losses on 
loans or on security held therefor or acquired in liquidation thereof, 
and associations are authorized to enter into any such agreements and 
also, subject to bank approval, agreements with other associations in 
the district for sharing the risk of loss on loans endorsed by each such 
association. As may be authorized by the bank in accordance with 
regulations of the Farm Credit Administration, associations also may 
enter into agreements with other Farm Credit System institutions to 
share loan and other losses, whether to protect against capital 
impairment or for any other purpose.

(Pub. L. 92-181, title II, Sec. 2.14, formerly Sec. 2.15, as added Pub. 
L. 100-233, title IV, Sec. 401, Jan. 6, 1988, 101 Stat. 1636; renumbered 
Sec. 2.14, Pub. L. 100-399, title IV, Sec. 401(w), Aug. 17, 1988, 102 
Stat. 999.)


                            Prior Provisions

    A prior section 2096, Pub. L. 92-181, title II, Sec. 2.15, Dec. 10, 
1971, 85 Stat. 601; Pub. L. 96-592, title II, Sec. 210, Dec. 24, 1980, 
94 Stat. 3442; Pub. L. 99-205, title II, Sec. 205(b), Dec. 23, 1985, 99 
Stat. 1703; Pub. L. 100-233, title IV, Sec. 431(f), title VIII, 
Sec. 805(i), Jan. 6, 1988, 101 Stat. 1660, 1715; Pub. L. 100-399, title 
IV, Sec. 415(b), Aug. 17, 1988, 102 Stat. 1004, related to short- and 
intermediate-term loans, participation, other financial assistance, 
terms, conditions, interest, and security, prior to the general 
amendment of this subchapter by Pub. L. 100-233, Sec. 401.
    A prior section 2.14 of Pub. L. 92-181 was classified to section 
2095 of this title and was repealed by Pub. L. 100-399, Sec. 401(v).
