§ 741 to 747. — Repealed.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC741]
TITLE 12--BANKS AND BANKING
CHAPTER 7--FARM CREDIT ADMINISTRATION
SUBCHAPTER I--FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND FEDERAL
LAND BANK ASSOCIATIONS
Federal Land Bank Associations; Special Provisions
Secs. 741 to 747. Repealed. Pub. L. 92-181, title V,
Sec. 5.26(a), Dec. 10, 1971, 85 Stat. 624
Section 741, acts July 17, 1916, ch. 245, title I, Sec. 9, 39 Stat.
368; Ex. Ord. No. 6084, Mar. 27, 1933; Aug. 18, 1959, Pub. L. 86-168,
title I, Sec. 104(h), 73 Stat. 387, covered members' rights to loans.
See section 2201 of this title.
Section 742, acts July 17, 1916, ch. 245, title I, Sec. 9, 39 Stat.
368; Aug. 18, 1959, Pub. L. 86-168, title I, Sec. 102(a), 73 Stat. 384,
covered payments for stock from proceeds of member's mortgage loan. See
section 2033 of this title.
Section 743, acts July 17, 1916, ch. 245, title I, Sec. 9, 39 Stat.
368; Ex. Ord. No. 6084, Mar. 27, 1933; Aug. 18, 1959, Pub. L. 86-168,
title I, Sec. 104(h), 73 Stat. 387, authorized retention of commissions
on interest payments. See section 2033 of this title.
Section 744, acts July 17, 1916, ch. 245, title I, Sec. 9, 39 Stat.
368; Aug. 18, 1959, Pub. L. 86-168, title I, Sec. 104(h), 73 Stat. 387,
provided for individual liability of shareholders.
Section 744a, acts June 16, 1933, ch. 98, title VII, Sec. 72, 48
Stat. 271; Aug. 18, 1959, Pub. L. 86-168, title I, Sec. 104(h), 73 Stat.
387, relieved shareholders of land bank associations of personal
liability for contracts, debts, and engagements entered into after June
16, 1933.
Section 745, acts July 17, 1916, ch. 245, title I, Sec. 9, 39 Stat.
368; June 3, 1935, ch. 164, 20, 49 Stat. 319; Aug. 19, 1937, ch. 704,
Sec. 24, 50 Stat. 710; June 30, 1945, ch. 204, Sec. 1(b), 59 Stat. 266;
Aug. 18, 1959, Pub. L. 86-168, title I, Sec. 104(h), (i), 73 Stat. 387,
provided for new members for land bank associations. See section 2033 of
this title.
Section 746, act July 17, 1916, ch. 245, title I, Sec. 9 (par.) as
added Aug. 19, 1937, ch. 704, Sec. 25(a), 50 Stat. 710; amended Aug. 18,
1959, Pub. L. 86-168, title I, Sec. 104(h), 73 Stat. 387, provided for a
common board of directors for two or more associations. See section 2032
of this title.
Section 747 act July 17, 1916, ch. 245, title I, Sec. 9 (par.), as
added Aug. 19, 1937, ch. 704, Sec. 25(a), 50 Stat. 711; amended Aug. 18,
1959, Pub. L. 86-168, title I, Sec. 104(h), 73 Stat. 387, provided for
transfer of powers to a loan committee. See section 2033 of this title.
