
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: 12USC2125]

 
                       TITLE 12--BANKS AND BANKING
 
                     CHAPTER 23--FARM CREDIT SYSTEM
 
                 SUBCHAPTER III--BANKS FOR COOPERATIVES
 
                     Part A--Banks for Cooperatives
 
Sec. 2125. Dividends

    Dividends may be payable only on nonvoting investment stock, if 
declared by the board of directors of the bank, subject to the general 
direction of the Farm Credit Administration.

(Pub. L. 92-181, title III, Sec. 3.4, Dec. 10, 1971, 85 Stat. 604; Pub. 
L. 99-205, title II, Sec. 205(e)(5), title VI, Sec. 606, Dec. 23, 1985, 
99 Stat. 1705, 1711; Pub. L. 100-233, title VIII, Sec. 805(l), Jan. 6, 
1988, 101 Stat. 1715.)


                               Amendments

    1988--Pub. L. 100-233 struck out ``other than stock held by the Farm 
Credit Administration,'' after ``investment stock,''.
    1985--Pub. L. 99-205 struck out ``the Governor of'' before ``the 
Farm Credit Administration'' and inserted ``, subject to the general 
direction of the Farm Credit Administration''.


                    Effective Date of 1985 Amendment

    Amendment by Pub. L. 99-205 effective thirty days after Dec. 23, 
1985, see section 401 of Pub. L. 99-205, set out as a note under section 
2001 of this title.
