Dividends may be payable only on nonvoting investment stock, if declared by the board of directors of the bank, subject to the general direction of the Farm Credit Administration.
Pub. L. 92–181, title III, § 385 Stat. 604Pub. L. 99–205, title II, § 205(e)(5)99 Stat. 1705Pub. L. 100–233, title VIII, § 805l101 Stat. 1715(.4, , ; , title VI, § 606, , , 1711; (), , .)
Editorial Notes
Amendments
Pub. L. 100–2331988— struck out “other than stock held by the Farm Credit Administration,” after “investment stock,”.
Pub. L. 99–2051985— struck out “the Governor of” before “the Farm Credit Administration” and inserted “, subject to the general direction of the Farm Credit Administration”.
Statutory Notes and Related Subsidiaries
Effective Date of 1985 Amendment
Pub. L. 99–205section 401 of Pub. L. 99–205section 2001 of this titleAmendment by effective thirty days after , see , set out as a note under .