Pub. L. 110-234, tit. V, subtit. E, sec. 5403

BANK FOR COOPERATIVES VOTING STOCK.

EnactedYear: 2008Length: 103 wordsOfficial source
SEC. 5403. BANK FOR COOPERATIVES VOTING STOCK.(a) In General.—Section 3.3(c) of the Farm Credit Act of 1971 (12 U.S.C. 2124(c)) is amended by striking “and (ii)” and inserting “(ii) other categories of persons and entities described in sections 3.7 and 3.8 eligible to borrow from the bank, as determined by the bank’s board of directors; and (iii)”.(b) Conforming Amendments.—Section 4.3A(c)(1)(D) of such Act (12 U.S.C. 2154a(c)(1)(D)) is amended by redesignating clauses (ii) and (iii) as clauses (iii) and (iv), respectively, and inserting after clause (i) the following:“(ii) persons and entities eligible to borrow from the banks for cooperatives, as described in section 3.3(c)(ii);”.