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12 U.S.C. § 1101 — Repealed. Pub. L. 92–181, title V, § 5.26(a), Dec. 10, 1971, 85 Stat. 624
Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
Section 1051, act July 17, 1916, ch. 245, title II, § 204(a), as added Mar. 4, 1923, ch. 252, title I, § 2, 42 Stat. 1456; amended Mar. 4, 1925, ch. 524, § 2, 43 Stat. 1262; Ex. Ord. No. 6084, Mar. 27, 1933; June 3, 1935, ch. 164, § 7, 49 Stat. 316; July 26, 1956, ch. 741, title I, § 104(d), 70 Stat. 664, provided for discount rates to be charged by intermediate credit banks. See [section 2075 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section2075&num=0&edition=prelim).
Section 1052, act July 17, 1916, ch. 245, title II, § 204(b), as added Mar. 4, 1923, ch. 252, title I, § 2, 42 Stat. 1456; amended Ex. Ord. No. 6084, Mar. 27, 1933, placed a limitation on interest rate charged original borrower on paper discounted with bank.
Section 1053, act July 17, 1916, ch. 245, title II, § 204(c), as added Mar. 4, 1923, ch. 252, title I, § 2, 42 Stat. 1456; amended Ex. Ord. No. 6084, Mar. 27, 1933; Aug. 19, 1937, ch. 704, § 29, 50 Stat. 715, covered purchases by intermediate credit banks of debentures or other similar obligations issued by or for benefit of such bank or other intermediate credit banks.
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Source location: Title 12, Chapter 7, § 1101; chapter-007-farm-credit-administration.md
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### Statutory Notes
Section 1051, act July 17, 1916, ch. 245, title II, § 204(a), as added Mar. 4, 1923, ch. 252, title I, § 2, 42 Stat. 1456; amended Mar. 4, 1925, ch. 524, § 2, 43 Stat. 1262; Ex. Ord. No. 6084, Mar. 27, 1933; June 3, 1935, ch. 164, § 7, 49 Stat. 316; July 26, 1956, ch. 741, title I, § 104(d), 70 Stat. 664, provided for discount rates to be charged by intermediate credit banks. See [section 2075 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section2075&num=0&edition=prelim).
Section 1052, act July 17, 1916, ch. 245, title II, § 204(b), as added Mar. 4, 1923, ch. 252, title I, § 2, 42 Stat. 1456; amended Ex. Ord. No. 6084, Mar. 27, 1933, placed a limitation on interest rate charged original borrower on paper discounted with bank.
Section 1053, act July 17, 1916, ch. 245, title II, § 204(c), as added Mar. 4, 1923, ch. 252, title I, § 2, 42 Stat. 1456; amended Ex. Ord. No. 6084, Mar. 27, 1933; Aug. 19, 1937, ch. 704, § 29, 50 Stat. 715, covered purchases by intermediate credit banks of debentures or other similar obligations issued by or for benefit of such bank or other intermediate credit banks.
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Federal law — U.S. Code and appendices · legal_authorities
Each production credit association shall be a body corporate and, subject to supervision by the Farm Credit Bank for the district and regulation by the Farm Credit Administration, shall have the power to—
(1) have succession until terminated in accordance with this chapter or any other Act of Congress;
(2) adopt and use a corporate seal;
(3) make contracts;
(4) sue and be sued;
(5) acquire, hold, dispose, and otherwise exercise all of the usual incidents of ownership of real and personal property necessary or convenient to the business of the association;
(6) operate under the direction of the board of directors of the association in accordance with the provisions of this chapter;
(7) subscribe to stock of the bank;
(8) purchase stock of the bank held by other production credit associations and stock of other production credit associations;
(9) contribute to the capital of the bank or other production credit associations;
(10) invest funds of the association as may be approved by the Farm Credit Bank under regulations of the Farm Credit Administration and deposit the current funds and securities of such with the Farm Credit Bank, a member bank of the Federal Reserve System, or any bank insured under the Federal Deposit Insurance Corporation, and may pay fees therefor and receive interest thereon as may be agreed;
(11) buy and sell obligations of or insured by the United States or of any agency thereof or of any banks of the Farm Credit System and buy from and sell to such banks, interests in loans and in other financial assistance extended and nonvoting stock, as may be authorized by the Farm Credit Bank in accordance with regulations of the Farm Credit Administration;
(12) borrow money from the Farm Credit Bank, and with the approval of such bank, borrow fr
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 2075
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Federal law — U.S. Code and appendices · legal_authorities
Page 269
TITLE 12—BANKS AND BANKING
§§ 1131d to 1131g
RULES AND REGULATIONS
§ 1101. Repealed. Pub. L. 92–181, title V, § 5.26(a),
Dec. 10, 1971, 85 Stat. 624
Section, act July 17, 1916, ch. 245, title II, § 209, as
added Mar. 4, 1923, ch. 252, title I, § 2, 42 Stat. 1459;
amended Ex. Ord. No. 6084, Mar. 27, 1933, authorized pro-
mulgation of rules and regulations by Farm Credit Ad-
ministration covering operation of intermediate credit
banks.
TAX EXEMPTION
§ 1111. Repealed. Pub. L. 92–181, title V, § 5.26(a),
Dec. 10, 1971, 85 Stat. 624
Section, act July 17, 1916, ch. 245, title II, § 210, as
added Mar. 4, 1923, ch. 252, title I, § 2, 42 Stat. 1459, set
out a tax exemption for capital and income of inter-
mediate credit banks and provided that their deben-
tures be deemed instrumentalities of the government.
See section 2079 of this title.
PENALTY PROVISIONS
§§ 1121 to 1128. Repealed. June 25, 1948, ch. 645,
§ 21, 62 Stat. 862, eff. Sept. 1, 1948
Section 1121, act July 17, 1916, ch. 245, title II, § 211(a),
as added Mar. 4, 1923, ch. 252, title I, § 2, 42 Stat. 1459,
related to offenses by officers, employees, or agents.
See sections 657 and 1006 of Title 18, Crimes and Crimi-
nal Procedure.
Section 1122, act July 17, 1916, ch. 245, title II, § 211(b),
as added Mar. 4, 1923, ch. 252, title I, § 2, 42 Stat. 1459,
related to false statements to banks. See section 1014 of
Title 18.
Section 1123, act July 17, 1916, ch. 245, title II, § 211(c),
as added Mar. 4, 1923, ch. 252, title I, § 2, 42 Stat. 1459,
related to overvaluation of property for loan purposes.
See section 1014 of Title 18.
Section 1124, act July 17, 1916, ch. 245, title II, § 211(d),
as added Mar. 4, 1923, ch. 252, title I, § 2, 42 Stat. 1459,
related to offenses by examiners. See s
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