12 USC 3015 - Eligibility of cooperatives

Editorial Notes

References in Text

All subchapters of this chapter, referred to in subsec. (a), was in the original “all titles of this Act”, meaning titles I to III of Puspan. L. 95–351. Titles I and II constitute this chapter and title III amended section 5315 of Title 5, Government Organization and Employees, and sections 856, 867, and 868 of former Title 31, Money and Finance.

Amendments

2018—Subsec. (d). Puspan. L. 115–334 struck out “the Rural Telephone Bank,” after “the National Rural Utilities Cooperative Finance Corporation,”.

1981—Subsec. (a). Puspan. L. 97–35, § 394(e)(1), substituted “primarily owned” for “entirely owned”.

Subsec. (a)(5). Puspan. L. 97–35, § 394(f), inserted provisions relating to exception for housing cooperatives in existence on Mar. 21, 1980.

Statutory Notes and Related Subsidiaries

Effective Date of 1981 Amendment

Puspan. L. 97–35, title III, § 394(e)(2), Aug. 13, 1981, 95 Stat. 437, provided that:

“The amendment made by paragraph (1) [amending this section] shall take effect on the day after the Final Government Equity Redemption Date [Dec. 31, 1981].”

For definition of “Final Government Equity Redemption Date”, see section 396(a) of Puspan. L. 97–35, set out as a note under section 3012 of this title.

Transfer of Functions

Functions vested in Administrator of National Credit Union Administration transferred and vested in National Credit Union Administration Board pursuant to section 1752a of this title.