12 USC 2274: Power to remove directors and officers
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12 USC 2274: Power to remove directors and officers Text contains those laws in effect on December 24, 2024
From Title 12-BANKS AND BANKINGCHAPTER 23-FARM CREDIT SYSTEMSUBCHAPTER V-FARM CREDIT ADMINISTRATION ORGANIZATIONPart C-Enforcement Powers of Farm Credit Administration
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§2274. Power to remove directors and officers

Notwithstanding any other provision of this chapter, a Farm Credit Bank board, officer, or employee shall not remove any director or officer of any association.

(Pub. L. 92–181, title V, §5.38, as added Pub. L. 100–233, title IV, §432(c), Jan. 6, 1988, 101 Stat. 1661 ; amended Pub. L. 115–334, title V, §5411(35), Dec. 20, 2018, 132 Stat. 4683 .)


Editorial Notes

Amendments

2018-Pub. L. 115–334 substituted "a Farm Credit Bank board, officer, or employee shall not remove any director or officer of any" for "a farm credit district board, bank board, or bank officer or employee shall not remove any director or officer of any production credit association or Federal land bank".