12 U.S. Code § 2214 - State laws

State and other laws shall apply to corporations organized pursuant to this part to the same extent such laws would apply to the organizing banks engaged in the same activity in the same jurisdiction: Provided, however, That to the extent that sections 2023, 2098, and 2134 of this title may exempt banks or associations of the Farm Credit System from taxation, such exemptions, other than with respect to franchise taxes, shall not extend to corporations organized pursuant to this part.

Source

(Pub. L. 92–181, title IV, § 4.28, as added Pub. L. 96–592, title IV, § 404,Dec. 24, 1980, 94 Stat. 3448; amended Pub. L. 100–399, title IX, § 901(k),Aug. 17, 1988, 102 Stat. 1007; Pub. L. 102–237, title V, § 502(g),Dec. 13, 1991, 105 Stat. 1869.)
Amendments

1991—Pub. L. 102–237made technical amendment to reference to section 2098 of this title to reflect change in reference to corresponding section of original act.
1988—Pub. L. 100–399inserted “or associations” and substituted “2023, 2098,” for “2055, 2079,”.
Effective Date of 1991 Amendment

Amendment by Pub. L. 102–237effective as if included in the provision of the Food, Agriculture, Conservation, and Trade Act of 1990, Pub. L. 101–624, to which the amendment relates, see section 1101(b)(4) ofPub. L. 102–237, set out as a note under section 1421 of Title 7, Agriculture.
Effective Date of 1988 Amendment

Amendment by Pub. L. 100–399effective immediately after amendment made by section 401 ofPub. L. 100–233, which was effective 6 months after Jan. 6, 1988, see section 1001(b) ofPub. L. 100–399, set out as a note under section 2002 of this title.

This is a list of parts within the Code of Federal Regulations for which this US Code section provides rulemaking authority.

This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].

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12 CFR - Banks and Banking

12 CFR Part 611 - ORGANIZATION

12 CFR Part 614 - LOAN POLICIES AND OPERATIONS

12 CFR Part 616 - LEASING

 

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