
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: 12USC2208]

 
                       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. 2208. Prohibition against use of signed ballots

    In any election or merger vote, or other proceeding subject to a 
vote of the stockholders (or subscribers to the guaranty fund of a bank 
for cooperatives), conducted by a lending institution of the Farm Credit 
System, the institution--
        (1) may not use signed ballots; and
        (2) shall implement measures to safeguard the voting process for 
    the protection of the right of stockholders (or subscribers) to a 
    secret ballot.

(Pub. L. 92-181, title IV, Sec. 4.20, as added Pub. L. 96-592, title IV, 
Sec. 403, Dec. 24, 1980, 94 Stat. 3447; amended Pub. L. 100-233, title 
IV, Sec. 425, Jan. 6, 1988, 101 Stat. 1657.)


                               Amendments

    1988--Pub. L. 100-233 amended section generally. Prior to amendment, 
section read as follows: ``The provisions of (1) section 2074 of this 
title authorizing the Federal intermediate credit banks to lend to or 
discount paper for other financial institutions, and (2) section 2128(b) 
of this title authorizing the financing of certain domestic or foreign 
entities in connection with the import or export activities of 
cooperatives which are borrowers from the banks for cooperatives, shall 
expire on September 30, 1990, unless extended by Act of Congress prior 
to that date. Any contract or agreement entered into under the authority 
of either provision prior to its expiration shall remain in full force 
and effect notwithstanding such expiration.''
