2021 US Code
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
| 12 U.S.C. § 2279g (2021) |
| §2279g. Transactions to accomplish mergers exempt from certain State taxes |
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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. |
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(Pub. L. 92–181, title VII, §7.14, as added Pub. L. 100–399, title IV, §408(u), Aug. 17, 1988, 102 Stat. 1003.) |
| EDITORIAL NOTES
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. STATUTORY NOTES AND RELATED SUBSIDIARIES 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. |
| United States Code, 2018 Edition, Supplement 3, 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 VII - RESTRUCTURING OF SYSTEM INSTITUTIONS Part E - Taxation of Merger Transactions Sec. 2279g - Transactions to accomplish mergers exempt from certain State taxes |
| section 2279g |
| 2021 |
| January 3, 2022 |
| No |
| standard |
| 101 Stat. 1568 102 Stat. 1003 |
| Public Law 92-181, Public Law 100-233, Public Law 100-399 |
