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12 U.S.C. § 698 — Repealed. Aug. 11, 1955, ch. 785, title III,
Federal law — U.S. Code and appendices · legal_authorities
Page 259
TITLE 12—BANKS AND BANKING
§§ 711 to 724
Section 675, act July 17, 1916, ch. 245, title I, § 4, 39
Stat. 363; Ex. Ord. No. 6084, Mar. 27, 1933, authorized
changes in organization certificates on direction of
Farm Credit Administration.
Section 676, act July 17, 1916, ch. 245, title I, § 4, 39
Stat. 363; Ex. Ord. No. 6084, Mar. 27, 1933, set time for
commencement of corporate existence of land banks
and enumerated their powers. See section 2012 of this
title.
Section 677, acts July 17, 1916, ch. 245, title I, § 4, 39
Stat. 363; Aug. 18, 1959, Pub. L. 86–168, title I, § 104(h), 73
Stat. 387, set time for termination of temporary man-
agement of land banks.
Section 677a, acts July 17, 1916, ch. 245, title I, § 4, 39
Stat. 363; Mar. 4, 1923, ch. 252, title III, § 304, 42 Stat.
1474; June 16, 1933, ch. 98, title VII, § 70a(a)(1)–(4), title
VIII, § 80(a), 48 Stat. 269, 273; Aug. 19, 1937, ch. 704, § 7(b),
50 Stat. 707, provided for compensation of director of
farm credit boards of each farm credit district. See sec-
tion 2226 of this title.
§§ 678 to 682. Omitted
Editorial Notes
CODIFICATION
Sections were stricken by act Aug. 19, 1937, ch. 704,
§ 7(b), 50 Stat. 707, and former section 677a of this title
was substituted in lieu thereof.
Section 678, acts July 17, 1916, ch. 245, title I, § 4, 39
Stat. 363; Mar. 4, 1923, ch. 252, title III, § 304, 42 Stat.
1474; June 16, 1933, ch. 98, title VII, § 70a(a)(1), 48 Stat.
269, related to number and qualifications of directors.
Section 678a, act June 16, 1933, ch. 98, title VII,
§ 70a(b), 48 Stat. 270, related to successors of directors.
Section 679, acts July 17, 1916, ch. 245, title I, § 4, 39
Stat. 363; Mar. 4, 1923, ch. 252, title III, § 304, 42 Stat.
1474; June 16, 1933, ch. 98, title VII,
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Page 259
TITLE 12—BANKS AND BANKING
§§ 711 to 724
Section 675, act July 17, 1916, ch. 245, title I, § 4, 39
Stat. 363; Ex. Ord. No. 6084, Mar. 27, 1933, authorized
changes in organization certificates on direction of
Farm Credit Administration.
Section 676, act July 17, 1916, ch. 245, title I, § 4, 39
Stat. 363; Ex. Ord. No. 6084, Mar. 27, 1933, set time for
commencement of corporate existence of land banks
and enumerated their powers. See section 2012 of this
title.
Section 677, acts July 17, 1916, ch. 245, title I, § 4, 39
Stat. 363; Aug. 18, 1959, Pub. L. 86–168, title I, § 104(h), 73
Stat. 387, set time for termination of temporary man-
agement of land banks.
Section 677a, acts July 17, 1916, ch. 245, title I, § 4, 39
Stat. 363; Mar. 4, 1923, ch. 252, title III, § 304, 42 Stat.
1474; June 16, 1933, ch. 98, title VII, § 70a(a)(1)–(4), title
VIII, § 80(a), 48 Stat. 269, 273; Aug. 19, 1937, ch. 704, § 7(b),
50 Stat. 707, provided for compensation of director of
farm credit boards of each farm credit district. See sec-
tion 2226 of this title.
§§ 678 to 682. Omitted
Editorial Notes
CODIFICATION
Sections were stricken by act Aug. 19, 1937, ch. 704,
§ 7(b), 50 Stat. 707, and former section 677a of this title
was substituted in lieu thereof.
Section 678, acts July 17, 1916, ch. 245, title I, § 4, 39
Stat. 363; Mar. 4, 1923, ch. 252, title III, § 304, 42 Stat.
1474; June 16, 1933, ch. 98, title VII, § 70a(a)(1), 48 Stat.
269, related to number and qualifications of directors.
Section 678a, act June 16, 1933, ch. 98, title VII,
§ 70a(b), 48 Stat. 270, related to successors of directors.
Section 679, acts July 17, 1916, ch. 245, title I, § 4, 39
Stat. 363; Mar. 4, 1923, ch. 252, title III, § 304, 42 Stat.
1474; June 16, 1933, ch. 98, title VII, § 70a(a)(2), 48 Stat.
270, related to nomination of candidates for local direc-
tors.
Section 680, acts July 17, 1916, ch. 245, title I, § 4, 39
Stat. 363; Mar. 4, 1923, ch. 252, title III, § 304, 42 Stat.
1474; June 16, 1933, ch. 98, title VII, § 70a(a)(3), 48 Stat.
270, related to election of local directors.
Section 681, acts July 17, 1916, ch. 245, title I, § 4, 39
Stat. 363; Mar. 4, 1923, ch. 252, title III, § 304, 42 Stat.
1474; June 16, 1933, ch. 98, title VII, § 70a(a)(4), 48 Stat.
270, related to appointment and election of district di-
rectors and director at large, and filling of vacancies.
Section 682, acts July 17, 1916, ch. 245, title I, § 4, 39
Stat. 363; Mar. 4, 1923, ch. 252, title III, § 304, 42 Stat.
1474, related to qualifications of directors and limita-
tion on engagement in other business.
§ 682a. Repealed. Aug. 19, 1937, ch. 704, § 7(c), 50
Stat. 707
Section, act June 3, 1935, ch. 164, § 23, 49 Stat. 320, re-
lated to disqualification of persons convicted of felony
or fraud for positions with Federal land banks. See sec-
tion 640i of this title.
§ 683. Omitted
Editorial Notes
CODIFICATION
Section, acts July 17, 1916, ch. 245, title I, § 4, 39 Stat.
363; Mar. 4, 1923, ch. 252, title III, § 304, 42 Stat. 1474;
June 16, 1933, ch. 98, title VII, § 70, title VIII, § 80a, 48
Stat. 269, 273, related to compensation and allowances
of directors, officers, and employees, and was stricken
by act Aug. 19, 1937, ch. 704, § 7(b), 50 Stat. 707. Section
70 of act June 16, 1933, ch. 98, was repealed by Pub. L.
89–554, § 8(a), Sept. 6, 1966, 80 Stat. 648. See section 2226
of this title.
CAPITAL STOCK OF FEDERAL LAND BANKS
§§ 691 to 697. Repealed. Pub. L. 92–181, title V,
§ 5.26(a), Dec. 10, 1971, 85 Stat. 624
Section 691, act July 17, 1916, ch. 245, title I, § 5, 39
Stat. 364; Ex. Ord. No. 6084, Mar. 27, 1933, provided for
minimum amount of original capital for Federal land
banks. See section 2013 of this title.
Section 692, act July 17, 1916, ch. 245, title I, § 5, 39
Stat. 364, provided for distribution and value of stock
for Federal land banks. See section 2013 of this title.
Section 693, acts July 17, 1916, ch. 245, title I, § 5, 39
Stat. 364; Aug. 18, 1959, Pub. L. 86–168, title I, § 104(h), 73
Stat. 387, covered transfer of stock held by land bank
associations. See section 2013 of this title.
Section 694, acts July 17, 1916, ch. 245, title I, § 5, 39
Stat. 364; Ex. Ord. No. 6084, Mar. 27, 1933; June 16, 1933,
ch. 98, title VIII, § 80(a), 48 Stat. 273; Aug. 18, 1959, Pub.
L. 86–168, title I, § 104(h), 73 Stat. 387, covered dividends
for land bank stock. See section 2013 of this title.
Section 695, acts July 17, 1916, ch. 245, title I, § 5, 39
Stat. 364; Ex. Ord. No. 6084, Mar. 27, 1933; Aug. 19, 1937,
ch. 704, § 5(a), 50 Stat. 704, covered subscription by
United States for unsubscribed balance of original cap-
ital stock of Federal land banks. See section 2001 et
seq. of this title.
Section 696, acts July 17, 1916, ch. 245, title I, § 5, 39
Stat. 364; Jan. 23, 1932, ch. 9, § 1, 47 Stat. 12; Aug. 18,
1959, Pub. L. 86–168, title I, § 104(h), 73 Stat. 387, covered
retirement of original stock of Federal land banks. See
section 2051 of this title.
Section 697, acts July 17, 1916, ch. 245, title I, § 5, 39
Stat. 364; Ex. Ord. No. 6084, Mar. 27, 1933; Aug. 18, 1959,
Pub L. 86–168, title I, § 104(h), 73 Stat. 387, set out re-
quired proportion of capital of Federal land banks that
had to be held in form of quick assets. See section 2051
of this title.
§ 698. Repealed. Aug. 11, 1955, ch. 785, title III,
§ 302, 69 Stat. 664
Section, act July 17, 1916, ch. 245, title I, § 5 (par.), as
added Jan. 23, 1932, ch. 9, § 2, 47 Stat. 12, related to sub-
scriptions by United States to capital stock of Federal
land banks.
LAND BANKS AS GOVERNMENT DEPOSITARIES AND
AGENTS
§ 701. Repealed. Pub. L. 92–181, title V, § 5.26(a),
Dec. 10, 1971, 85 Stat. 624
Section, act July 17, 1916, ch. 245, title I, § 6, 39 Stat.
365, covered land banks as government depositaries and
agents. See section 2012 of this title.
FEDERAL LAND BANK ASSOCIATIONS GENERALLY
§§ 711 to 724. Repealed. Pub. L. 92–181, title V,
§ 5.26(a), Dec. 10, 1971, 85 Stat. 624
Section 711, acts July 17, 1916, ch. 245, title I, § 7, 39
Stat. 365; Aug. 18, 1959, Pub. L. 86–168, title I, § 104(h), 73
Stat. 387, provided for organization of land bank asso-
ciations. See section 2031 of this title.
Section 712, acts July 17, 1916, ch. 245, title I, § 7, 39
Stat. 365; Aug. 19, 1937, ch. 704, § 21, 59 Stat. 266; Aug. 18,
1959, Pub. L. 86–168, title I, § 104(h), (i), 73 Stat. 387, pro-
vided for directors, officers, and loan committee of land
bank associations. See section 2031 et seq. of this title.
Section 713, acts July 17, 1916, ch. 245, title I, § 7, 39
Stat. 365; Ex. Ord. No. 6084, Mar. 27, 1933; Aug. 18, 1959,
Pub. L. 86–168, title I, § 104(i), 73 Stat. 387, provided for
compensation and qualifications of directors. See sec-
tion 2032 of this title.
Section 714, acts July 17, 1916, ch. 245, title I, § 7, 39
Stat. 365; Mar. 4, 1923, ch. 252, title III, § 305, 42 Stat.
1476; Ex. Ord. No. 6084, Mar. 27, 1933; Aug. 11, 1955, ch.
785, title III, § 301(b), 69 Stat. 664; Aug. 18, 1959, Pub. L.
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Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
Section 672, acts July 17, 1916, ch. 245, title I, § 4, 39 Stat. 362; Feb. 27, 1921, ch. 78, 41 Stat. 1148; Mar. 4, 1923, ch. 252, title III, § 303, 42 Stat. 1474; Mar. 4, 1929, ch. 700, 45 Stat. 1558; May 17, 1932, ch. 190, 47 Stat. 158; Ex. Ord. No. 6084, Mar. 27, 1933; Aug. 19, 1937, ch. 704, § 5(a), 50 Stat. 704; June 30, 1945, ch. 204, § 3, 59 Stat. 267; Oct. 29, 1949, ch. 786, § 1(a), 63 Stat. 985; Aug. 18, 1959, Pub. L. 86–168, title I, § 104(h), 73 Stat. 387, provided for establishment of Federal land banks. See [section 2011 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section2011&num=0&edition=prelim).
Section 672a, acts Mar. 10, 1924, ch. 46, § 2, 43 Stat. 17; Ex. Ord. No. 6084, Mar. 27, 1933; Aug. 19, 1937, ch. 704, § 5(a), 50 Stat. 704, provided for extension of farm credit system under Farm Credit Administration to Hawaii.
Section 673, act July 17, 1916, ch. 245, title I, § 4, 39 Stat. 362; Ex. Ord. No. 6084, Mar. 27, 1933, provided for temporary management of Federal land banks.
Section 674, acts July 17, 1916, ch. 245, title I, § 4, 39 Stat. 362; June 16, 1933, ch. 98, title VIII, § 80(a), 48 Stat. 273; Aug. 18, 1959, Pub. L. 86–168, title I, § 104(h), 73 Stat. 387, set out requisite contents of organization certificates for land banks.
Section 675, act July 17, 1916, ch. 245, title I, § 4, 39 Stat. 363; Ex. Ord. No. 6084, Mar. 27, 1933, authorized changes in organization certificates on direction of Farm Credit Administration.
Section 676, act July 17, 1916, ch. 245, title I, § 4, 39 Stat. 363; Ex. Ord. No. 6084, Mar. 27, 1933, set time for commencement of corporate existence of land banks and enumerated their powers. See [section 2012 of this title](https://uscode.house.gov/view.xhtml?req
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 698
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