12 U.S. Code § 2278b–3 - Stock

The Financial Assistance Corporation shall issue stock with a par value of $5 to System institutions, as provided for in this part, and such stock shall not be transferable, except in the event of a restructuring or liquidation to a successor System institution.

Source

(Pub. L. 92–181, title VI, § 6.23, as added Pub. L. 100–233, title II, § 201,Jan. 6, 1988, 101 Stat. 1595; amended Pub. L. 102–237, title V, § 502(m),Dec. 13, 1991, 105 Stat. 1869.)
Amendments

1991—Pub. L. 102–237inserted before period at end “, except in the event of a restructuring or liquidation to a successor System institution”.

 

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