2022 U.S. Code
Title 12 - Banks and Banking
Chapter 23 - Farm Credit System
Subchapter V - Farm Credit Administration Organization
Part C - Enforcement Powers of Farm Credit Administration
Sec. 2270 - Replacement of suspended or removed directors
| 12 U.S.C. § 2270 (2022) |
| §2270. Replacement of suspended or removed directors |
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If at any time, because of the suspension or removal of one or more directors pursuant to section 2264 or 2265 of this title, there shall be on the board of directors of a System institution less than a quorum of directors not so suspended, the Chairman shall appoint persons to serve temporarily as directors in their place and stead so as to establish a quorum until such time as those who have been removed are reinstated or their respective successors are duly elected and take office. |
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(Pub. L. 92–181, title V, §5.34, as added Pub. L. 99–205, title II, §204, Dec. 23, 1985, 99 Stat. 1701.) |
| STATUTORY NOTES AND RELATED SUBSIDIARIES
EFFECTIVE DATE
Section effective thirty days after Dec. 23, 1985, see section 401 of Pub. L. 99–205, set out as an Effective Date of 1985 Amendment note under section 2001 of this title. |
| United States Code, 2018 Edition, Supplement 4, 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 V - FARM CREDIT ADMINISTRATION ORGANIZATION Part C - Enforcement Powers of Farm Credit Administration Sec. 2270 - Replacement of suspended or removed directors |
| section 2270 |
| 2022 |
| January 5, 2023 |
| No |
| standard |
| 99 Stat. 1701 |
| Public Law 92-181, Public Law 99-205 |
