No State or political subdivision thereof may treat the merger or consolidation of two or more institutions of the Farm Credit System under this subchapter or title IV of the Agricultural Credit Act of 1987 as resulting in a change of ownership of any property owned by any of such merging or consolidating institutions, for purposes of any law of such State or political subdivision providing for reassessment of property on the occurrence of a change of ownership or imposing a tax on the ownership or transfer of property.
Pub. L. 92–181, title VII, § 7Pub. L. 100–399, title IV, § 408(u)102 Stat. 1003(.14, as added , , .)
Editorial Notes
References in Text
Pub. L. 100–233101 Stat. 1568section 2001 of this titleThe Agricultural Credit Act of 1987, referred to in text, is , , . Title IV of that Act amended this chapter. For complete classification of this Act to the Code see Short Title of 1988 Amendment note set out under and Tables.
Statutory Notes and Related Subsidiaries
Effective Date
Pub. L. 100–233section 1001(a) of Pub. L. 100–399section 2002 of this titleSection effective as if enacted immediately after enactment of , which was approved , see , set out as an Effective Date of 1988 Amendment note under .