§ 901 to 903. — Repealed.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: 12USC901]
TITLE 12--BANKS AND BANKING
CHAPTER 7--FARM CREDIT ADMINISTRATION
SUBCHAPTER I--FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND FEDERAL
LAND BANK ASSOCIATIONS
Reserves and Dividends of Land Banks
Secs. 901 to 903. Repealed. Pub. L. 92-181, title V,
Sec. 5.26(a), Dec. 10, 1971, 85 Stat. 624
Section 901, acts July 17, 1916, ch. 245, title I, Sec. 23, 39 Stat.
379; Jan. 23, 1932, ch. 9, Sec. 3(a), 47 Stat. 13; Aug. 11, 1955, ch.
785, title III, Sec. 306(a), 69 Stat. 665; Aug. 18, 1959, Pub. L. 86-
168, title I, Sec. 104(c), 73 Stat. 386, provided for amount to be
carried in reserve accounts, withdrawal of excess, and restoration of
impairment. See section 2051 of this title.
Section 902, acts July 17, 1916, ch. 245, title I, Sec. 23, 39 Stat.
379; Jan. 23, 1932, ch. 9, Sec. 3(a), (b), 47 Stat. 13; Ex. Ord. No.
6084, Mar. 27, 1933; Aug. 11, 1955, ch. 785, title III, Sec. 306(a), 69
Stat. 665, authorized declaration of dividends on balance of net
earnings and investment of reserves. See section 2051 et seq. of this
title.
Section 903, act July 17, 1916, ch. 245, title I, Sec. 23 (par.), as
added Aug. 6, 1953, ch. 335, Sec. 10, 67 Stat. 395, provided for payment
of franchise tax before dividends. See section 2051 of this title.
