{"data":{"id":"us/12-u.s.c.-2012","jurisdiction":"us","citation":"12 U.S.C. § 2012","heading":"Board of directors","body":"Each Farm Credit Bank shall elect a board of directors of such number, for such term, in such manner, and with such qualifications, as may be required in its bylaws, except that, at least one member shall be elected by the other directors, which member shall not be a director, officer, employee, or stockholder of a System institution.","path":["Title 12—BANKS AND BANKING","CHAPTER 23—FARM CREDIT SYSTEM"],"source_url":"https://uscode.house.gov/download/releasepoints/us/pl/119/103/xml_usc12@119-103.zip","current_through":"Public Law 119-103 (09/02/2026)","vintage":"","retrieved_at":"2026-09-10T05:56:24Z","sha256":"78be91df7021c7ada67fa31a88f573b6598d5ce6f1a285de21b78db7d48c5e4d","source_id":"us","stale":false,"prev":"us/12-u.s.c.-2011","next":"us/12-u.s.c.-2013"},"notice":"GroundRules: Original legal text. Not legal advice."}