
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: 12USC2271]

 
                       TITLE 12--BANKS AND BANKING
 
                     CHAPTER 23--FARM CREDIT SYSTEM
 
          SUBCHAPTER V--FARM CREDIT ADMINISTRATION ORGANIZATION
 
        Part C--Enforcement Powers of Farm Credit Administration
 
Sec. 2271. Definitions

    As used in this part--
        (1) the terms ``cease and desist order that has become final'' 
    and ``order which has become final'' mean a cease and desist order, 
    or an order, issued by the Farm Credit Administration with the 
    consent of the System institution or the director or officer or 
    other person concerned, or with respect to which no petition for 
    review of the action of the Farm Credit Administration has been 
    filed and perfected in a court of appeals as specified in section 
    2266(b) of this title, or with respect to which the action of the 
    court in which such petition is so filed is not subject to further 
    review by the Supreme Court of the United States in proceedings 
    provided for in section 2266(b) of this title, or an order issued 
    under section 2265 of this title;
        (2) the term ``violation'' includes without limitation any 
    action (alone or with another or others) for or toward causing, 
    bringing about, participating in, counseling, or aiding or abetting 
    a violation;
        (3) the terms ``institution in the System'', ``System 
    institution'', and ``institution'' mean all institutions enumerated 
    in section 2002 of this title, any service organization chartered 
    under part E of subchapter IV of this chapter, and the Financial 
    Assistance Corporation; and
        (4) the term ``unsafe or unsound practice'' shall--
            (A) have the meaning given to it by the Farm Credit 
        Administration by regulation, rule, or order;
            (B) during the period beginning on January 6, 1988, and 
        ending December 31, 1992, mean any noncompliance by a System 
        institution, as determined by the Farm Credit Administration in 
        consultation with the Assistance Board, with any term or 
        condition imposed on the institution by the Assistance Board 
        under section 2278a-6 of this title; and
            (C) after December 31, 1992, mean any significant 
        noncompliance by a System institution (as determined by the Farm 
        Credit Administration, in consultation with the Farm Credit 
        System Insurance Corporation) with any term or condition imposed 
        on the institution by the Farm Credit System Assistance Board 
        under section 2278a-6 of this title or by the Farm Credit System 
        Insurance Corporation under section 2277a-10 of this title.

(Pub. L. 92-181, title V, Sec. 5.35, as added Pub. L. 99-205, title II, 
Sec. 204, Dec. 23, 1985, 99 Stat. 1701; amended Pub. L. 100-233, title 
II, Secs. 203, 207(d), Jan. 6, 1988, 101 Stat. 1605, 1608; Pub. L. 102-
237, title V, Sec. 502(i), Dec. 13, 1991, 105 Stat. 1869; Pub. L. 102-
552, title II, Sec. 202(b), Oct. 28, 1992, 106 Stat. 4106.)

                          Codification

    January 6, 1988, referred to in par. (4)(B), was in the original 
``the date of the enactment of this paragraph'' which was translated as 
meaning the date of enactment of Pub. L. 100-233, which amended par. (4) 
generally, to reflect the probable intent of Congress.


                               Amendments

    1992--Par. (4)(C). Pub. L. 102-552 added subpar. (C).
    1991--Par. (3). Pub. L. 102-237 substituted ``part E'' for ``part 
D''.
    1988--Par. (3). Pub. L. 100-233, Sec. 207(d), substituted 
``Financial Assistance Corporation'' for ``Capital Corporation''.
    Par. (4). Pub. L. 100-233, Sec. 203, amended par. (4) generally. 
Prior to amendment, par. (4) read as follows: ``the term `unsafe or 
unsound practice' shall have the meaning given to it by the Farm Credit 
Administration by regulations, rule, or order.''


                    Effective Date of 1991 Amendment

    Amendment by Pub. L. 102-237 effective as if included in the 
provision of the Food, Agriculture, Conservation, and Trade Act of 1990, 
Pub. L. 101-624, to which the amendment relates, see section 1101(b)(4) 
of Pub. L. 102-237, set out as a note under section 1421 of Title 7, 
Agriculture.


                             Effective Date

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

                  Section Referred to in Other Sections

    This section is referred to in title 18 section 20.
