12 U.S. Code § 2279d - Termination of System institution status
prev | next
Termination of System institution status
(a) ConditionsA System institution may terminate the status of the institution as a System institution if—
the institution pays to the Farm CreditAssistance Fund, as created under section 2278b–5 of this title, if the termination is prior to January 1, 1992, or pays to the Farm Credit Insurance Fund, if the termination is after such date, the amount by which the total capital of the institution exceeds, 6 percent of the assets;
the institution pays or makes adequate provision for payment of all outstanding debt obligations of the institution;
(b) EffectOn termination of its status as a System institution—
the institution shall no longer be an instrumentality of the United States under this chapter.
LII has no control over and does not endorse any external Internet site that contains links to or references LII.