Repealed.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. PROVISIONS COMMON TO PRODUCTION CREDIT ASSOCIATIONS, AND REGIONAL AND CENTRAL BANKS FOR COOPERATIVES
  6. Repealed. Pub. L. 92–181, title V, §5.26(a), Dec. 10, 1971, 85 Stat. 624

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§§1138 to 1138c. Repealed. Pub. L. 92–181, title V, §5.26(a), Dec. 10, 1971, 85 Stat. 624

Section 1138, acts June 16, 1933, ch. 98, title VI, §60, 48 Stat. 266 ; Aug. 19, 1937, ch. 704, §5(a), 50 Stat. 704 ; July 26, 1956, ch. 741, title I, §105(l), 70 Stat. 666 , set out general corporate powers common to banks for cooperatives and production credit associations. See sections 2093 and 2122 of this title.

Section 1138a, acts June 16, 1933, ch. 98, title VI, §61, 48 Stat. 267 ; July 26, 1956, ch. 741, title I, §105(m), 70 Stat. 666 , provided for examination of parts of farm credit system by examiners of Farm Credit Administration. See section 2254 of this title.

Section 1138b, acts June 16, 1933, ch. 98, title VI, §62, 48 Stat. 267 ; Jan. 31, 1934, ch. 7, §11, 48 Stat. 347 ; July 26, 1956, ch. 741, title I, §105(n), 70 Stat. 666 ; Oct. 4, 1961, Pub. L. 87–353, §3(j), 75 Stat. 774 , gave designated parts of farm credit system authority to act as fiscal agents of United States.

Section 1138c, acts June 16, 1933, ch. 98, title VI, §63, 48 Stat. 267 , Aug. 11, 1955, ch. 785, title II, §205, 69 Stat. 663 ; July 26, 1956, ch. 741, title I, §105(o), 70 Stat. 666 , provided that obligations of banks for cooperatives and production credit associations be deemed instrumentalities of United States and provided for termination of tax exemption after retirement of government-owned stock. See sections 2098 and 2134 of this title.


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