[USC02] 12 USC 2147: Patronage pools
Result 1 of 1
   
 
12 USC 2147: Patronage pools Text contains those laws in effect on October 24, 2020
From Title 12-BANKS AND BANKINGCHAPTER 23-FARM CREDIT SYSTEMSUBCHAPTER III-BANKS FOR COOPERATIVESPart B-National Banks for Cooperatives
Jump To: Source Credit

§2147. Patronage pools

Under such terms and conditions as may be determined by its board of directors, the consolidated bank may-

(1) for a period of at least 3 years following January 6, 1988, establish separate patronage pools consisting of loans to eligible borrowers located in each constituent farm credit district (as such district existed on January 6, 1988); and

(2) allocate revenues, expenses, and net savings among such pools on an equitable basis.

(Pub. L. 92–181, title III, §3.26, as added Pub. L. 100–233, title IV, §415(2), Jan. 6, 1988, 101 Stat. 1644 .)