United States Code (Last Updated: May 24, 2014) |
Title 12. BANKS AND BANKING |
Chapter 23. FARM CREDIT SYSTEM |
SubChapter V. FARM CREDIT ADMINISTRATION ORGANIZATION |
Part E. Farm Credit System Insurance Corporation |
§ 2277a–2. Board of Directors
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(a) Establishment The Corporation shall be managed by a Board of Directors that shall consist of the members of the Farm Credit Administration Board.
(b) Chairman The Board of Directors shall be chaired by any Board member other than the Chairman of the Farm Credit Administration Board.
Amendments
1996—Pub. L. 104–105 amended section generally. Prior to amendment, section related to Board of Directors, including provisions relating to establishment, appointment, chairperson, postemployment prohibition, terms of office, succession, vacancies, oath, quorum, meetings, rules and records, compensation, and expenses.
1992—Pub. L. 102–552 amended section generally. Prior to amendment, section read as follows:
“(a) Establishment.—The Corporation shall be managed by a Board of Directors that shall consist of the members of the Farm Credit Administration Board.
“(b) Chairman.—The Board of Directors shall be chaired by any Board member other than the Chairman of the Farm Credit Administration Board.”
Effective Date Of Amendment
Pub. L. 102–552, title II, § 201(c),