12 U.S.C. § 1141i — Repealed. Pub. L. 115–334, title V,

Page 273 TITLE 12—BANKS AND BANKING § 1141j whole or any part of (1) any office, bureau, serv- ice, division, commission, or board in the Execu- tive branch of the Government engaged in sci- entific or extension work, or the furnishing of services, with respect to the marketing of agri- cultural commodities, (2) its functions per- taining to such work or services, and (3) the rec- ords, property, including office equipment, per- sonnel, and unexpended balances of appropria- tion, pertaining to such work or services. (June 15, 1929, ch. 24, § 13, 46 Stat. 17; Ex. Ord. No. 6084, Mar. 27, 1933.) Editorial Notes CODIFICATION Section was formerly classified to section 533 of Title 7, Agriculture. Statutory Notes and Related Subsidiaries CHANGE OF NAME ‘‘Administration’’ substituted in text for ‘‘board’’ pursuant to Ex. Ord. No. 6084, set out preceding section 2241 of this title. TRANSFER OF FUNCTIONS Establishment of Farm Credit Administration as an independent agency, composition of Farm Credit Ad- ministration, appointment of Governor of Farm Credit Administration, and duties thereof, including duty to perform functions, etc., of Farm Credit Administration, see section 2241 et seq. of this title. Executive Documents EXCEPTIONS FROM TRANSFER OF FUNCTIONS Functions of Farm Credit Administration or any agency, officer, or entity of, under, or subject to super- vision of said Administration excepted from functions of officers, agencies, and employees transferred to Sec- retary of Agriculture by Reorg. Plan No. 2 of 1953, § 1, eff. June 4, 1953, 18 F.R. 3219, 67 Stat. 633, set out in the Appendix to Title 5, Government Organization and Em- ployees. § 1141i. Repealed. Pub. L. 115–334, title V, § 5411(57), Dec. 20, 2018, 132 Stat. 4685 Section, act June 15, 1929, ch. 24, § 14, 46 Stat. 18; Ex. Ord. No. 6084, Mar. 27, 1933; Aug. 30, 1954, ch. 1076, § 1(30), 68 Stat. 968; Pub. L. 108–271, § 8(b), July 7, 2004, 118 Stat. 814, related to finality of certain vouchers approved for expenditures and examination of financial trans- actions. Section was formerly classified to section 534 of Title 7, Agriculture. § 1141j. Miscellaneous provisions (a) ‘‘Cooperative association’’ defined As used in this chapter, the term ‘‘cooperative association’’ means any association in which farmers act together in processing, preparing for market, handling, and/or marketing the farm products of persons so engaged, and also means any association in which farmers act together in purchasing, testing, grading, processing, distrib- uting, and/or furnishing farm supplies and/or farm business services: Provided, however, That such associations are operated for the mutual benefit of the members thereof as such pro- ducers or purchasers and conform to one or both of the following requirements: First. That no member of the association is al- lowed more than one vote because of the amount of stock or membership capital he may own therein; and Second. That the association does not pay dividends on stock or membership capital in ex- cess of 8 per centum per annum. And in any case to the following: Third. That the association shall not deal in farm products, farm supplies, and farm business services with or for nonmembers in an amount greater in value than the total amount of such business transacted by it with or for members. All business transacted by any cooperative asso- ciation for or on behalf of the United States or any agency or instrumentality thereof shall be disregarded in determining the volume of mem- ber and nonmember business transacted by such association. (b) Speculation prohibited It shall be unlawful for the governor, or any officer or employee of the Farm Credit Adminis- tration to speculate directly or indirectly, in any agricultural commodity or product thereof, or in contracts relating thereto, or in the stock or membership interests of any association or corporation engaged in handling, processing, or disposing of any such commodity or product. Any person violating this subdivision shall upon conviction thereof be fined not more than $10,000, or imprisoned not more than ten years, or both. (c) Confidential information; disclosure prohib- ited It shall be unlawful (1) for any cooperative as- sociation, stabilization corporation, clearing- house association, or commodity committee, or (2) for any director, officer, employee, or mem- ber or person acting on behalf of any such asso- ciation, corporation, or committee, to which or to whom information has been imparted in con- fidence by the administration, to disclose such information in violation of any regulation of the administration. Any such association, corpora- tion, or committee, or director, officer, em- ployee, or member thereof, violating this sub- division, shall be fined not more than $5,000, or imprisoned not more than five years, or both. (d) Separability clause If any provision of this chapter is declared un- constitutional, or the applicability thereof to any person, circumstance, commodity, or class of transactions with respect to any commodity is held invalid, the validity of the remainder of the chapter and the applicability of such provi- sion to other persons, circumstances, commod- ities, and classes of transactions shall not be af- fected thereby. (e) Citation of chapter This chapter may be cited as the ‘‘Agricul- tural Marketing Act.’’ (f) ‘‘Agricultural commodity’’ defined As used in this chapter, the term ‘‘agricultural commodity’’ includes, in addition to other agri- cultural commodities, crude gum (oleoresin) from a living tree, and the following products as processed by the original producer of the crude gum (oleoresin) from which derived: Gum spirits