12 U.S.C. § 2147: Patronage pools
Where this section sits in the code
- Title 12—BANKS AND BANKING
- 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