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United States Code (Last Updated: May 24, 2014) |
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Title 12. BANKS AND BANKING |
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Chapter 23. FARM CREDIT SYSTEM |
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SubChapter V. FARM CREDIT ADMINISTRATION ORGANIZATION |
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Part E. Farm Credit System Insurance Corporation |
§ 2277a–3. Commencement of insurance
Latest version.
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Effective beginning on
January 1, 1989 , or 12 months afterJanuary 6, 1988 , whichever is later, each System bank shall be an insured System bank and shall be subject to this part. Each System bank that is authorized to commence or resume operations under a subchapter of this chapter shall be an insured System bank from the time of such authorization. A bank resulting from the merger or consolidation of insured System banks shall be an insured System bank.
(Pub. L. 92–181, title V, § 5.54, as added Pub. L. 100–233, title III, § 302, Jan. 6, 1988 , 101 Stat. 1611.)