
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: 12USC2206]

 
                       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. 2206. Participation loans

    Notwithstanding any other provisions of this chapter, the terms of 
any loan participated in by two or more Farm Credit System institutions 
operating under different subchapters of this chapter, including 
provisions for capitalization of the portion of the loan participated in 
by each institution, shall be as may be agreed upon among such 
institutions and authorized under regulations issued by the Farm Credit 
Administration, except that for purposes of determining borrower 
eligibility, membership, term, amount, loan security, and purchase of 
stock or participation certificates by the borrower, the provisions of 
law applicable to the loan shall be the provisions in the subchapter 
under which the institution that originates the loan operates.

(Pub. L. 92-181, title IV, Sec. 4.18, as added Pub. L. 96-592, title IV, 
Sec. 403, Dec. 24, 1980, 94 Stat. 3446; amended Pub. L. 99-205, title 
II, Sec. 205(f)(7), Dec. 23, 1985, 99 Stat. 1706.)


                               Amendments

    1985--Pub. L. 98-205 inserted ``under regulations issued'' after 
``authorized''.


                    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.

                  Section Referred to in Other Sections

    This section is referred to in sections 2013, 2015, 2073, 2122 of 
this title.
