
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: 12USC2279g]

 
                       TITLE 12--BANKS AND BANKING
 
                     CHAPTER 23--FARM CREDIT SYSTEM
 
          SUBCHAPTER VII--RESTRUCTURING OF SYSTEM INSTITUTIONS
 
                 Part E--Taxation of Merger Transactions
 
Sec. 2279g. Transactions to accomplish mergers exempt from 
        certain State taxes
        
    No State or political subdivision thereof may treat the merger or 
consolidation of two or more institutions of the Farm Credit System 
under this subchapter or title IV of the Agricultural Credit Act of 1987 
as resulting in a change of ownership of any property owned by any of 
such merging or consolidating institutions, for purposes of any law of 
such State or political subdivision providing for reassessment of 
property on the occurrence of a change of ownership or imposing a tax on 
the ownership or transfer of property.

(Pub. L. 92-181, title VII, Sec. 7.14, as added Pub. L. 100-399, title 
IV, Sec. 408(u), Aug. 17, 1988, 102 Stat. 1003.)

                       References in Text

    The Agricultural Credit Act of 1987, referred to in text, is Pub. L. 
100-233, Jan. 6, 1988, 101 Stat. 1568, as amended. Title IV of that Act 
amended this chapter. For complete classification of this Act to the 
Code see Short Title of 1988 Amendment note set out under section 2001 
of this title and Tables.


                             Effective Date

    Section 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 an Effective Date of 1988 Amendment note under 
section 2002 of this title.
