2014 US Code
Title 12 - Banks and Banking (Sections 1 - 5710)
Chapter 23 - Farm Credit System (Sections 2001 - 2279cc)
Subchapter V - Farm Credit Administration Organization (Sections 2221 - 2277a-14)
Part E - Farm Credit System Insurance Corporation (Sections 2277a - 2277a-14)
Sec. 2277a-2 - Board of Directors
| Publication Title | United States Code, 2012 Edition, Supplement 2, Title 12 - BANKS AND BANKING |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 12 - BANKS AND BANKING CHAPTER 23 - FARM CREDIT SYSTEM SUBCHAPTER V - FARM CREDIT ADMINISTRATION ORGANIZATION Part E - Farm Credit System Insurance Corporation Sec. 2277a-2 - Board of Directors |
| Contains | section 2277a-2 |
| Date | 2014 |
| Laws In Effect As Of Date | January 5, 2015 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Pub. L. 92-181, title V, §5.53, as added Pub. L. 100-233, title III, §302, Jan. 6, 1988, 101 Stat. 1611; amended Pub. L. 102-552, title II, §201(a), Oct. 28, 1992, 106 Stat. 4104; Pub. L. 104-105, title II, §219(a), Feb. 10, 1996, 110 Stat. 184. |
| Statutes at Large References | 101 Stat. 1611 106 Stat. 4104, 4105 110 Stat. 184 |
| Public and Private Laws | Public Law 92-181, Public Law 100-233, Public Law 102-552, Public Law 104-105 |
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The Corporation shall be managed by a Board of Directors that shall consist of the members of the Farm Credit Administration Board.
(b) ChairmanThe Board of Directors shall be chaired by any Board member other than the Chairman of the Farm Credit Administration Board.
(Pub. L. 92–181, title V, §5.53, as added Pub. L. 100–233, title III, §302, Jan. 6, 1988, 101 Stat. 1611; amended Pub. L. 102–552, title II, §201(a), Oct. 28, 1992, 106 Stat. 4104; Pub. L. 104–105, title II, §219(a), Feb. 10, 1996, 110 Stat. 184.)
AMENDMENTS1996—Pub. L. 104–105 amended section generally. Prior to amendment, section related to Board of Directors, including provisions relating to establishment, appointment, chairperson, postemployment prohibition, terms of office, succession, vacancies, oath, quorum, meetings, rules and records, compensation, and expenses.
1992—Pub. L. 102–552 amended section generally. Prior to amendment, section read as follows:
"(a) Establishment.—The Corporation shall be managed by a Board of Directors that shall consist of the members of the Farm Credit Administration Board.
"(b) Chairman.—The Board of Directors shall be chaired by any Board member other than the Chairman of the Farm Credit Administration Board."
EFFECTIVE DATE OF 1992 AMENDMENT; TRANSITION PROVISIONPub. L. 102–552, title II, §201(c), Oct. 28, 1992, 106 Stat. 4105, provided that:
"(1) In general.—The amendments made by this section [amending this section and sections 5314 and 5315 of Title 5, Government Organization and Employees] shall become effective on January 1, 1996.
"(2) Transitional provision.—The Board of Directors of the Farm Credit System Insurance Corporation as established by section 5.53 of the Farm Credit Act of 1971 (12 U.S.C. 2277a–2) (as it existed before the amendments made by subsection (a) of this section) shall continue in existence and continue to manage the Farm Credit System Insurance Corporation until at least two members are appointed by the President, by and with the advice and consent of the Senate, to the new Board established by section 5.53 of such Act (as amended by subsection (a) of this section)."
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