RESTORATION OF FIRST LIEN ON STOCK.

SEC. 1833. RESTORATION OF FIRST LIEN ON STOCK. Subtitle A of title II is amended— (1) by redesignating section 2.6 (12 U.S.C. 2077) as section 2.7; and (2) by inserting after section 2.5 (12 U.S.C. 2076) the following new section: 104 STAT. 3833 “SEC. 2.6. LIENS ON STOCK. “Except with regard to stock or participation certificates held by other Farm Credit System institutions, each production credit association shall have a first lien on stock and participation certificates the association issues, on allocated surplus, and on investments in equity reserve, for any indebtedness of the holder of the capital investments and, in the case of equity reserves, for charges for association losses in excess of reserves and surpluses.”.