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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. § 2147 Patronage pools us united_states_code code_section 12 BANKS AND BANKING 23 FARM CREDIT SYSTEM 2147 12 U.S.C. § 2147 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/s2147 data/legal/raw/us/code/title-12/usc12.xml 9f2d49822a739344ad0ea90d21b657f282bcc4e0031aa9bb81acab88975f39c2 e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa b2950f38de45dcfe824f7b64497bc43066342559467782f56c36b9a14aa32cc4 2026-07-04 official
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12 U.S.C. § 2147 - Patronage pools

Text

Under such terms and conditions as may be determined by its board of directors, the consolidated bank may—

(1) for a period of at least 3 years following January 6, 1988, establish separate patronage pools consisting of loans to eligible borrowers located in each constituent farm credit district (as such district existed on January 6, 1988); and

(2) allocate revenues, expenses, and net savings among such pools on an equitable basis.

(Pub. L. 92181, title III, § 3.26, as added Pub. L. 100233, title IV, § 415(2), Jan. 6, 1988, 101 Stat. 1644.)