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US Code · Through Public Law 119-103 (09/02/2026)

12 U.S.C. § 2147: Patronage pools

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Where this section sits in the code
  1. Title 12—BANKS AND BANKING
  2. CHAPTER 23—FARM CREDIT SYSTEM

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.

Collected 2026-09-10T05:56:24Z. Source file · JSON

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