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12 U.S.C. § 2211 — Prohibition against use of signed ballots
Federal law — U.S. Code and appendices · legal_authorities
In any election or merger vote, or other proceeding subject to a vote of the stockholders (or subscribers to the guaranty fund of a bank for cooperatives), conducted by a lending institution of the Farm Credit System, the institution—
(1) may not use signed ballots; and
(2) shall implement measures to safeguard the voting process for the protection of the right of stockholders (or subscribers) to a secret ballot.
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 2211
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Stable record: federal_law:legal_authorities:record_usc_1d17f45f012e8dcef09d5f2f
Source file: Laws/federal/codes/united-states-code/title-12/section-2211-prohibition-against-use-of-signed-ballots--4d9888b7f3.md
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Source location: Title 12, Chapter 23, § 2211; chapter-023-farm-credit-system.md
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In any election or merger vote, or other proceeding subject to a vote of the stockholders (or subscribers to the guaranty fund of a bank for cooperatives), conducted by a lending institution of the Farm Credit System, the institution—
(1) may not use signed ballots; and
(2) shall implement measures to safeguard the voting process for the protection of the right of stockholders (or subscribers) to a secret ballot.
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Federal law — U.S. Code and appendices · legal_authorities
Each production credit association shall elect from the voting members of such association, a board of directors of such number, for such terms, with such qualifications, and in such manner as may be required by the bylaws of the association, except that at least one member shall be elected by the other directors, which member shall not be a director, officer, employee, stockholder, or agent of a System institution.
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 2074
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Composition** The Farm Credit System shall include the Farm Credit Banks, the bank for cooperatives, Agricultural Credit Banks, the Federal Land Bank Associations, the Federal Land Credit Associations, the Production Credit Associations, the agricultural credit associations, the Federal Farm Credit Banks Funding Corporation, the Federal Agricultural Mortgage Corporation, service corporations established pursuant to [section 2211 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section2211&num=0&edition=prelim), and such other institutions as may be made a part of the Farm Credit System, all of which shall be chartered by and subject to regulation by the Farm Credit Administration.
**(b) Farm credit districts** There shall be not more than twelve farm credit districts in the United States, which may be designated by number, one of which districts shall include the Commonwealth of Puerto Rico and one of which districts may, if authorized by the Farm Credit Administration, include the Virgin Islands of the United States: Provided, That the extension of credit and other services authorized by this chapter in the Virgin Islands of the United States shall be undertaken only if determined to be feasible under regulations of the Farm Credit Administration. The boundaries of the twelve farm credit districts existing on December 10, 1971, may be readjusted from time to time by the Farm Credit Administration, with the concurrence of the boards of the banks in each district involved. Two or more districts may be merged as provided in [section 2252(a)(2) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section2252/a/2&num=0&edition=prelim).
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 2012
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Establishment** There is hereby established the Federal Farm Credit Banks Funding Corporation (hereinafter in this section referred to as the “Corporation”), which shall be an institution of the Farm Credit System.
**(b) Duties** The Corporation—
(1) shall issue, market, and handle the obligations of the banks of the Farm Credit System, and interbank or intersystem flow of funds as may from time to time be required;
(2) acting for the banks of the Farm Credit System, subject to approval of the Farm Credit Administration, shall determine the amount, maturities, rates of interest, terms, and conditions of participation by the several banks in each issue of joint, consolidated, or System-wide obligations; and
(3) shall exercise such other powers as were provided to the predecessor Federal Farm Credit Banks Funding Corporation in accordance with its charter issued under [section 2211 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section2211&num=0&edition=prelim), in effect immediately before January 6, 1988.
**(c) Officers and committees**
(1) **Designation** — The board of directors may designate such officers and committees for such terms and such purposes as may be agreed on by the board.
(2) **Issuance of obligations** — When appropriate to the board’s functions under this section, a committee of the board of directors of the Corporation, or representatives thereof, may act on behalf of the board in connection with the issuance of joint, consolidated, and System-wide obligations.
**(d) Board of directors**
(1) **Composition** — The board of directors shall be composed of nine voting members and one nonvoting member, as follows:
(A) Four voting members shall be current or former directors of the System banks elected
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 2162
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Federal law — U.S. Code and appendices · legal_authorities
Page 1341
TITLE 12—BANKS AND BANKING
§ 2211
farmers and ranchers. Such programs shall as-
sure that such credit and services are available
in coordination with other institutions of the
Farm Credit System serving the territory and
with other governmental and private sources of
credit. Each program shall be subject to review
and approval by the supervising bank.
(b) The Farm Credit Bank for each district
shall annually obtain from associations under
its supervision reports of activities under pro-
grams developed pursuant to subsection (a) and
progress toward program objectives. On the
basis of such reports, the bank shall provide to
the Farm Credit Administration an annual re-
port summarizing the operations and achieve-
ments in its district under such programs.
(Pub. L. 92–181, title IV, § 4.19, as added Pub. L.
96–592, title IV, § 403, Dec. 24, 1980, 94 Stat. 3446;
amended Pub. L. 100–399, title IX, § 901(i), (j),
Aug. 17, 1988, 102 Stat. 1007; Pub. L. 115–334, title
V, § 5411(25), Dec. 20, 2018, 132 Stat. 4682.)
Editorial Notes
AMENDMENTS
2018—Subsec. (a). Pub. L. 115–334 struck out ‘‘district’’
before ‘‘Farm Credit Bank board’’ and ‘‘Federal land
bank association and production credit’’ before ‘‘asso-
ciation shall prepare’’ and substituted ‘‘institutions’’
for ‘‘units’’.
1988—Subsec. (a). Pub. L. 100–399, § 901(i), inserted
‘‘Farm Credit Bank’’ after ‘‘district’’.
Subsec. (b). Pub. L. 100–399, § 901(j), substituted ‘‘The
Farm Credit Bank for each district’’ for ‘‘The Federal
land bank and the Federal intermediate credit bank for
each district’’, ‘‘under its supervision’’ for ‘‘under their
supervision’’, ‘‘subsection (a)’’ for ‘‘subsection (a) of
this section’’, ‘‘the bank shall’’ for ‘‘the banks shall’’,
‘‘an annual report’’ for ‘‘a j
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 2211
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