
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: 12USC2203]

 
                       TITLE 12--BANKS AND BANKING
 
                     CHAPTER 23--FARM CREDIT SYSTEM
 
     SUBCHAPTER IV--PROVISIONS APPLICABLE TO TWO OR MORE CLASSES OF 
                       INSTITUTIONS OF THE SYSTEM
 
            Part D--Activities of Institutions of the System
 
Sec. 2203. Nomination of association directors; representative 
        selection of nominees
        
    Each production credit association and each Federal land bank 
association shall elect a nominating committee by vote of the 
stockholders at the annual meeting to serve for the following year. Each 
nominating committee shall review lists of farmers from the association 
territory, determine their willingness to serve, and submit for election 
a slate of eligible candidates which shall include at least two nominees 
for each elective office to be filled. In doing so, the committee shall 
endeavor to assure representation to all sections of the association 
territory and as nearly as possible to all types of agriculture 
practiced within the area. Employees of the association shall not be 
eligible to be nominated, elected, or serve as a member of the board. 
Nominations shall also be accepted from the floor. Members of the board 
are not eligible to serve on the nominating committee. Regulations of 
the Farm Credit Administration governing the election of bank directors 
shall similarly assure a choice of two nominees for each elective office 
to be filled and that the bank board represent as nearly as possible all 
types of agriculture in the district.

(Pub. L. 92-181, title IV, Sec. 4.15, Dec. 10, 1971, 85 Stat. 613; Pub. 
L. 100-399, title IX, Sec. 901(g), Aug. 17, 1988, 102 Stat. 1007.)


                               Amendments

    1988--Pub. L. 100-399 substituted ``bank directors'' for ``district 
directors'' and ``bank board'' for ``district board''.


                    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.
