republic-os/legal/us/code/title-12/chapter-23/section-2277a.md

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LegalText	12 U.S.C. § 2277a	Definitions	us	united_states_code	code_section	12	BANKS AND BANKING	23	FARM CREDIT SYSTEM	2277a	12 U.S.C. § 2277a	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/s2277a	data/legal/raw/us/code/title-12/usc12.xml	65af19f0b1d159ea750a1d969b6971d6e11a99452e6cff5c4d1a43a1df9f745b	e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa	c757ec9fce52e4bf9d0377a693d19a2b2df5970532d0b6d0cb9530a6da13a45d	2026-07-04	official	legal us-code

12 U.S.C. § 2277a - Definitions

Text

As used in this part:

(1) Board of Directors The term “Board of Directors” means the Board of Directors of the Corporation.

(2) Corporation The term “Corporation” means the Farm Credit System Insurance Corporation established in section 2277a–1 of this title.

(3) Insured obligation The term “insured obligation” means any note, bond, debenture, or other obligation issued under subsection (c) or (d) of section 2153 of this title—

(A) on or before January 5, 1989, on behalf of any System bank; and

(B) after such date, which, when issued, is issued on behalf of any insured System bank.

(4) Insured System bank The term “insured System bank” means any System bank whose participation in notes, bonds, debentures, and other obligations issued under subsection (c) or (d) of section 2153 of this title is insured under this part.

(5) State The term “State” means any of the 50 States, the District of Columbia, any Territory of the United States, Puerto Rico, Guam, American Samoa, the Trust Territory of the Pacific Islands, or the Virgin Islands.

(Pub. L. 92–181, title V, § 5.51, as added Pub. L. 100–233, title III, § 302, Jan. 6, 1988, 101 Stat. 1611; amended Pub. L. 100–399, title III, § 302(a), (b), Aug. 17, 1988, 102 Stat. 994; Pub. L. 104–105, title II, § 214(a), Feb. 10, 1996, 110 Stat. 175.)

Notes

Editorial Notes

Amendments1996—Pars. (5), (6). Pub. L. 104–105 redesignated par. (6) as (5) and struck out heading and text of former par. (5). Text read as follows: “The term ‘receiver’ means a receiver or conservator appointed by the Farm Credit Administration for a System institution.” 1988—Par. (3)(A), (B). Pub. L. 100–399, § 302(a), amended subpars. (A) and (B) generally. Prior to amendment, subpars. (A) and (B) read as follows: “(A) on or before January 6, 1988, on behalf of any System bank; and “(B) after such date, on behalf of any insured System bank.” Par. (5). Pub. L. 100–399, § 302(b), substituted “for” for “to liquidate”.

Statutory Notes and Related Subsidiaries

Effective Date of 1988 AmendmentAmendment by Pub. L. 100–399 effective as if enacted immediately after enactment of Pub. L. 100–233, which was approved Jan. 6, 1988, see section 1001(a) of Pub. L. 100–399, set out as a note under section 2002 of this title.

Executive Documents

Termination of Trust Territory of the Pacific Islands For termination of Trust Territory of the Pacific Islands, see note set out preceding section 1681 of Title 48, Territories and Insular Possessions.