2020 US Code
Title 12 - Banks and Banking
Chapter 23 - Farm Credit System
Subchapter II - Farm Credit Associations
Part B - Federal Land Bank Associations
Sec. 2096 - Agreements for sharing gains or losses
12 U.S.C. § 2096 (2020) |
§2096. Agreements for sharing gains or losses |
Each Farm Credit Bank may enter into agreements with Federal land bank associations in its district for sharing the gain or losses on loans or on security held therefor or acquired in liquidation thereof, and associations are authorized to enter into any such agreements and also, subject to bank approval, agreements with other associations in the district for sharing the risk of loss on loans endorsed by each such association. As may be authorized by the bank in accordance with regulations of the Farm Credit Administration, associations also may enter into agreements with other Farm Credit System institutions to share loan and other losses, whether to protect against capital impairment or for any other purpose. |
(Pub. L. 92–181, title II, §2.14, formerly §2.15, as added Pub. L. 100–233, title IV, §401, Jan. 6, 1988, 101 Stat. 1636; renumbered §2.14, Pub. L. 100–399, title IV, §401(w), Aug. 17, 1988, 102 Stat. 999.) |
EDITORIAL NOTES
PRIOR PROVISIONS
A prior section 2096, Pub. L. 92–181, title II, §2.15, Dec. 10, 1971, 85 Stat. 601; Pub. L. 96–592, title II, §210, Dec. 24, 1980, 94 Stat. 3442; Pub. L. 99–205, title II, §205(b), Dec. 23, 1985, 99 Stat. 1703; Pub. L. 100–233, title IV, §431(f), title VIII, §805(i), Jan. 6, 1988, 101 Stat. 1660, 1715; Pub. L. 100–399, title IV, §415(b), Aug. 17, 1988, 102 Stat. 1004, related to short- and intermediate-term loans, participation, other financial assistance, terms, conditions, interest, and security, prior to the general amendment of this subchapter by Pub. L. 100–233, §401. A prior section 2.14 of Pub. L. 92–181 was classified to section 2095 of this title and was repealed by Pub. L. 100–399, §401(v). STATUTORY NOTES AND RELATED SUBSIDIARIES EFFECTIVE DATE Pub. L. 100–233, title IV, §401, Jan. 6, 1988, 101 Stat. 1622, provided that this section is effective 6 months after Jan. 6, 1988. |
United States Code, 2018 Edition, Supplement 2, 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 II - FARM CREDIT ASSOCIATIONS Part B - Federal Land Bank Associations Sec. 2096 - Agreements for sharing gains or losses |
section 2096 |
2020 |
January 13, 2021 |
No |
standard |
85 Stat. 601 94 Stat. 3442 99 Stat. 1703 101 Stat. 1636, 1622, 1660 102 Stat. 999, 1004 |
Public Law 92-181, Public Law 96-592, Public Law 99-205, Public Law 100-233, Public Law 100-399 |