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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 12 U.S.C. § 2076a Liens on stock us united_states_code code_section 12 BANKS AND BANKING 23 FARM CREDIT SYSTEM 2076a 12 U.S.C. § 2076a current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip /us/usc/t12/s2076a data/legal/raw/us/code/title-12/usc12.xml 497e6792f506814d009da72a103222dd1c7fc466fd848abcb859fac41ab0b146 e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa 567450928a7d40236919db1e62803d82b7f652b6ab873a7f9268a290eb9f4fea 2026-07-04 official
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12 U.S.C. § 2076a - Liens on stock

Text

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.

(Pub. L. 92181, title II, § 2.6, as added Pub. L. 101624, title XVIII, § 1833(2), Nov. 28, 1990, 104 Stat. 3832.)

Notes

Editorial Notes

Prior ProvisionsA prior section 2.6 of Pub. L. 92181 was renumbered section 2.7 and is classified to section 2077 of this title.

Statutory Notes and Related Subsidiaries

Effective DateSection effective Jan. 7, 1988, see section 1861(d) of Pub. L. 101624, set out as an Effective Date of 1990 Amendment note under section 2001 of Title 7, Agriculture.