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Current as of January 01, 2024 | Updated by Findlaw Staff
Under such terms and conditions as may be determined by its board of directors, the consolidated bank may--
(1) for a period of at least 3 years following January 6, 1988, establish separate patronage pools consisting of loans to eligible borrowers located in each constituent farm credit district (as such district existed on January 6, 1988); and
(2) allocate revenues, expenses, and net savings among such pools on an equitable basis.
Cite this article: FindLaw.com - 12 U.S.C. § 2147 - U.S. Code - Unannotated Title 12. Banks and Banking § 2147. Patronage pools - last updated January 01, 2024 | https://codes.findlaw.com/us/title-12-banks-and-banking/12-usc-sect-2147/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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