2018 US Code
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 G - Miscellaneous
Sec. 2219b - Application of uninsured accounts
| 12 U.S.C. § 2219b (2018) |
| §2219b. Application of uninsured accounts |
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(a) In general
Money of a borrower held by a Farm Credit System institution in an uninsured voluntary or involuntary account as authorized under regulations issued by the Farm Credit Administration (as in effect immediately before January 6, 1988), including all such other accounts known as "advanced payment accounts" or "future prepayment accounts" shall, in the event the institution is placed in liquidation, be immediately applied as payment against the indebtedness of any outstanding loans of such borrower. (b) RegulationsThe Farm Credit Administration shall promulgate regulations— (1) that define the term "uninsured voluntary or involuntary account"; and (2) to otherwise effectively carry out this section. |
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(Pub. L. 92–181, title IV, §4.37, as added Pub. L. 100–233, title I, §110, Jan. 6, 1988, 101 Stat. 1585.) |
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CODIFICATION
Another section 4.37 of Pub. L. 92–181 was renumbered section 4.38 and is classified to section 2219c of this title. |
| United States Code, 2018 Edition, Title 12 - BANKS AND BANKING |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| 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 G - Miscellaneous Sec. 2219b - Application of uninsured accounts |
| section 2219b |
| 2018 |
| January 14, 2019 |
| No |
| standard |
| 101 Stat. 1585 |
| Public Law 92-181, Public Law 100-233 |
