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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. § 2097 Liens on stock us united_states_code code_section 12 BANKS AND BANKING 23 FARM CREDIT SYSTEM 2097 12 U.S.C. § 2097 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/s2097 data/legal/raw/us/code/title-12/usc12.xml 8824ce07a86cca5c2affaa588d68b4bea3bcae134a9a50ca9dcbff5117a4a1cb e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa 769a28ea2d2bf90201afbf5be851ed3dfcb5d07412175406623754a1832b257d 2026-07-04 official
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12 U.S.C. § 2097 - Liens on stock

Text

Each Federal land bank association shall have a first lien on the stock and participation certificates it issues, except on stock or participation certificates held by other Farm Credit System institutions, for the payment of any liability of the stockholder to the association or to the bank, or to both of them.

(Pub. L. 92181, title II, § 2.15, formerly § 2.16, as added Pub. L. 100233, title IV, § 401, Jan. 6, 1988, 101 Stat. 1637; renumbered § 2.15, Pub. L. 100399, title IV, § 401(w), Aug. 17, 1988, 102 Stat. 999.)

Notes

Editorial Notes

Prior ProvisionsA prior section 2097, Pub. L. 92181, title II, § 2.16, Dec. 10, 1971, 85 Stat. 602; Pub. L. 96592, title II, § 211, Dec. 24, 1980, 94 Stat. 3443, related to other services, prior to the general amendment of this subchapter by Pub. L. 100233, § 401. A prior section 2.15 of Pub. L. 92181 was renumbered section 2.14 and is classified to section 2096 of this title.

Statutory Notes and Related Subsidiaries

Effective DatePub. L. 100233, title IV, § 401, Jan. 6, 1988, 101 Stat. 1622, provided that this section is effective 6 months after Jan. 6, 1988.