
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: 12USC2279a-1]

 
                       TITLE 12--BANKS AND BANKING
 
                     CHAPTER 23--FARM CREDIT SYSTEM
 
          SUBCHAPTER VII--RESTRUCTURING OF SYSTEM INSTITUTIONS
 
                Part A--Merger of Banks Within a District
 
Sec. 2279a-1. Board of directors

    Each merged bank shall elect a board of directors of such number, 
for such term, in such manner, and with such qualifications, as may be 
required in its bylaws, except that at least one member shall be elected 
by the other directors, which member shall not be a director, officer, 
employee, or stockholder of a System institution.

(Pub. L. 92-181, title VII, Sec. 7.1, as added Pub. L. 100-233, title 
IV, Sec. 416, Jan. 6, 1988, 101 Stat. 1645; amended Pub. L. 100-399, 
title IV, Sec. 408(c), Aug. 17, 1988, 102 Stat. 1001.)


                               Amendments

    1988--Pub. L. 100-399 struck out ``for the district'' in section 
catchline and amended text generally, revising and restating as a single 
unlettered paragraph provisions of former subsecs. (a) and (b).


                    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.
