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republic-os/legal/us/code/title-12/chapter-23/section-2277a-3.md
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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. § 2277a3 Commencement of insurance us united_states_code code_section 12 BANKS AND BANKING 23 FARM CREDIT SYSTEM 2277a3 12 U.S.C. § 2277a3 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/s2277a3 data/legal/raw/us/code/title-12/usc12.xml 380ec0c1d585310f2af035f9693e112b3b1ce19f043017132719dc125e9318db e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa 653073bc72cd02e41457f835ebb3816e511501b40b3478b0d5c51e06ade3b2ad 2026-07-04 official
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12 U.S.C. § 2277a3 - Commencement of insurance

Text

Effective beginning on January 1, 1989, or 12 months after January 6, 1988, whichever is later, each System bank shall be an insured System bank and shall be subject to this part. Each System bank that is authorized to commence or resume operations under a subchapter of this chapter shall be an insured System bank from the time of such authorization. A bank resulting from the merger or consolidation of insured System banks shall be an insured System bank.

(Pub. L. 92181, title V, § 5.54, as added Pub. L. 100233, title III, § 302, Jan. 6, 1988, 101 Stat. 1611.)