Repealed. Pub. L. 92–181, title V, §5.26(a), Dec. 10, 1971, 85 Stat. 624

  1. Law
  2. USC 12
  3. Banks And Banking
  4. FARM CREDIT ADMINISTRATION
  5. PRODUCTION CREDIT ASSOCIATIONS
  7. Repealed. Pub. L. 92–181, title V, §5.26(a), Dec. 10, 1971, 85 Stat. 624

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§§1131d to 1131g. Repealed. Pub. L. 92–181, title V, §5.26(a), Dec. 10, 1971, 85 Stat. 624

Section 1131d, acts June 16, 1933, ch. 98, title II, §20, 48 Stat. 259 ; July 26, 1956, ch. 741, title I, §105(f), 70 Stat. 665 , authorized organization of production credit associations and provided for charters, bylaws, powers of governor, and other powers of such associations. See section 2093 of this title.

Section 1131e, acts June 16, 1933, ch. 98, title II, §21, 48 Stat. 260 ; Aug. 11, 1955, ch. 785, title II, §201, 69 Stat. 663 ; July 26, 1956, ch. 741, title I, §105(g), 70 Stat. 665 , provided for capital stock of production credit associations and its value, classes, voting rights, limitations on transfer, exchange, and dividends. See section 2094 of this title.

Section 1131e–1, acts Aug. 6, 1953, ch. 335, §16, 67 Stat. 399 ; July 26, 1956, ch. 741, title I, §107(b), 70 Stat. 666 ; Oct. 17, 1968, Pub. L. 90–582, §2(b), 82 Stat. 1145 , provided for issuance of class C stock for production credit associations and conditions, privileges, restrictions, limitations, and qualifications placed on such stock.

Section 1131f, acts June 16, 1933, ch. 98, title II, §22, 48 Stat. 261 ; Aug. 11, 1955, ch. 785, title II, §202, 69 Stat. 663 ; July 26, 1956, ch. 741, title I, §105(h), 70 Stat. 665 ; Oct. 3, 1961, Pub. L. 87–343, §2(2), 75 Stat. 758 ; Oct. 4, 1965, Pub. L. 89–237, §2(a), 78 Stat. 924 , covered application of earnings of production credit associations and restoration of capital, impairment, surplus account, distribution of earnings, and allocation on a patronage basis. See section 2095 of this title.

Section 1131g, acts June 16, 1933, ch. 98, title II, §23, 48 Stat. 261 ; Aug. 11, 1955, ch. 785, title II, §204, 69 Stat. 663 ; July 26, 1956, ch. 741, title I, §105(i), 70 Stat. 665 ; Oct. 4, 1965, Pub. L. 89–237, §2(b), 79 Stat. 924 ; Dec. 15, 1967, Pub. L. 90–204, §3(a), 81 Stat. 612 ; June 18, 1968, Pub. L. 90–345, §2, 82 Stat. 183 , authorized loans to farmers by production credit associations, terms and conditions, rates of interest, security, limitations on indebtedness, ownership of stock, and investments in equity reserve. See section 2096 of this title.


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