US Code

Public Law 119-73 (01/23/2026)

12 U.S.C. § 2277a

Definitions

As used in this part:
(1)

Board of Directors

The term “Board of Directors” means the Board of Directors of the Corporation.

(2)

Corporation

section 2277a–1 of this titleThe term “Corporation” means the Farm Credit System Insurance Corporation established in .

(3)

Insured obligation

section 2153 of this titleThe term “insured obligation” means any note, bond, debenture, or other obligation issued under subsection (c) or (d) of —
(A)
on or before , on behalf of any System bank; and
(B)
after such date, which, when issued, is issued on behalf of any insured System bank.
(4)

Insured System bank

section 2153 of this titleThe term “insured System bank” means any System bank whose participation in notes, bonds, debentures, and other obligations issued under subsection (c) or (d) of is insured under this part.

(5)

State

The term “State” means any of the 50 States, the District of Columbia, any Territory of the United States, Puerto Rico, Guam, American Samoa, the Trust Territory of the Pacific Islands, or the Virgin Islands.

Pub. L. 92–181, title V, § 5Pub. L. 100–233, title III, § 302101 Stat. 1611Pub. L. 100–399, title III, § 302(a)102 Stat. 994Pub. L. 104–105, title II, § 214(a)110 Stat. 175(.51, as added , , ; amended , (b), , ; , , .)

Editorial Notes

Amendments

Pub. L. 104–1051996—Pars. (5), (6). redesignated par. (6) as (5) and struck out heading and text of former par. (5). Text read as follows: “The term ‘receiver’ means a receiver or conservator appointed by the Farm Credit Administration for a System institution.”

Pub. L. 100–399, § 302(a)1988—Par. (3)(A), (B). , amended subpars. (A) and (B) generally. Prior to amendment, subpars. (A) and (B) read as follows:

“(A) on or before , on behalf of any System bank; and

“(B) after such date, on behalf of any insured System bank.”

Pub. L. 100–399, § 302(b)Par. (5). , substituted “for” for “to liquidate”.

Statutory Notes and Related Subsidiaries

Effective Date of 1988 Amendment

Pub. L. 100–399Pub. L. 100–233section 1001(a) of Pub. L. 100–399section 2002 of this titleAmendment by effective as if enacted immediately after enactment of , which was approved , see , set out as a note under .

Executive Documents

Termination of Trust Territory of the Pacific Islands

section 1681 of Title 48For termination of Trust Territory of the Pacific Islands, see note set out preceding , Territories and Insular Possessions.