patronage dividend

(2) the term “patronage dividend”, as defined in section 1388(a) of title 26 includes, only as such section applies to the Bank, any patronage refunds in the form of class B or class C stock or allocated surplus that are distributed or set aside by the Bank pursuant to section 3014(i) of this title ;


12 USC § 3019(b)(2)

Scoping language

for purposes of subchapter T
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