Each Federal land bank association shall have a first lien on the stock and participation certificates it issues, except on stock or participation certificates held by other Farm Credit System institutions, for the payment of any liability of the stockholder to the association or to the bank, or to both of them.
Pub. L. 92–181, title II, § 2Pub. L. 100–233, title IV, § 401101 Stat. 1637Pub. L. 100–399, title IV, § 401(w)102 Stat. 999(.15, formerly § 2.16, as added , , ; renumbered § 2.15, , , .)
Editorial Notes
Prior Provisions
Pub. L. 92–181, title II, § 285 Stat. 602Pub. L. 96–592, title II, § 21194 Stat. 3443Pub. L. 100–233, § 401A prior section 2097, .16, , ; , , , related to other services, prior to the general amendment of this subchapter by .
Pub. L. 92–181section 2096 of this titleA prior section 2.15 of was renumbered section 2.14 and is classified to .
Statutory Notes and Related Subsidiaries
Effective Date
Pub. L. 100–233, title IV, § 401101 Stat. 1622, , , provided that this section is effective 6 months after .