
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: 12USC2146]

 
                       TITLE 12--BANKS AND BANKING
 
                     CHAPTER 23--FARM CREDIT SYSTEM
 
                 SUBCHAPTER III--BANKS FOR COOPERATIVES
 
           Part B--United and National Banks for Cooperatives
 
Sec. 2146. Capitalization

    In accordance with section 2154a of this title, each consolidated 
bank shall provide, through bylaws and subject to Farm Credit 
Administration regulations, for the capitalization of the bank and the 
manner in which bank stock shall be issued, held, transferred, and 
retired and bank earnings distributed.

(Pub. L. 92-181, title III, Sec. 3.25, as added Pub. L. 100-233, title 
IV, Sec. 415(2), Jan. 6, 1988, 101 Stat. 1644; amended Pub. L. 100-399, 
title IV, Sec. 407(f), Aug. 17, 1988, 102 Stat. 1000.)


                               Amendments

    1988--Pub. L. 100-399 amended section generally. Prior to amendment, 
section read as follows: ``The board of directors of the consolidated 
bank shall provide for the capitalization of such bank in accordance 
with the provisions of section 2154a of this title.''


                    Effective Date of 1988 Amendment

    Amendment by Pub. L. 100-399 effective as if enacted immediately 
after enactment of Pub. L. 100-233, which was approved Jan. 6, 1988, see 
section 1001(a) of Pub. L. 100-399, set out as a note under section 2002 
of this title.
