Page:United States Statutes at Large Volume 101 Part 3.djvu/414

 101 STAT. 1712

PUBLIC LAW 100-233—JAN. 6, 1988 (n)

BANKS FOR COOPERATIVES, CORPORATION.—Section 3.1

(12

U.S.C. 2122) is amended by striking out "and approved by the Farm Credit Administration" each place it appears. (o) BANKS FOR COOPERATIVES, STOCK.—Section 3.3 (12 U.S.C. 2124) is amended— (1) in subsection (a), by striking out ", with the approval of the ^r, Farm Credit Administration,"; (2) in subsection (b), by striking out "with the approval of the Farm Credit Administration"; and (3) in subsection (e), by striking out "and approved by the Farm Credit Administration". (p) BANKS FOR COOPERATIVES, RETIREMENT OF STOCK.—Section 3.5

12 USC 2126.

,,,^. ^ ^ '

12 USC 2132. '

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(12 U.S.C. 2125) is amended by striking out "with approval of the Farm Credit Administration". (q) OWNERSHIP OF STOCK.—Section 3.9(a) (12 U.S.C. 2130(a)) is amended— (1) in the first sentence, by striking out "with the approval of the Farm Credit Administration"; ^ (2) in the second sentence, by striking out ", with the approval ^' of the Farm Credit Administration,"; and (3) in the third sentence, by striking out "as may be approved by the Farm Credit Administration". (r) EARNINGS AND RESERVES.—Section 3.11 (12 U.S.C. 2131) is amended— (1) in subsection (b), by striking out "as may be approved by the Farm Credit Administration"; tti; (2) in subsection (c), by striking out "the Farm Credit Administration may approve" and inserting in lieu thereof M. "may be approved by the board of directors"; and (3) in subsection (d), by striking out "the Farm Credit Administration may approve" and inserting in lieu thereof "may be approved by the board of directors". (s) POWERS OF THE FARM CREDIT ADMINISTRATION.—Section

4.26

(12 U.S.C. 2212) is amended— (1) by striking out "or by prescribing in the terms of the charter or by approval of the bylaws of the corporation"; (2) by striking out "direct at any time" and all that follows through the period at the end of the first sentence and inserting £ i in lieu thereof "approve amendments consistent with this Act to 1 charters or articles of service corporations."; and (3) by striking out the second sentence. (t) SUPERVISION.—The heading of section 4.27 (12 U.S.C. 2213) is amended by striking out "SUPERVISION" and inserting in lieu thereof "REGULATION". (u) DISTRICT ELECTIONS.—Section

• U)i:>r; J ^!

5.2 (12 U.S.C. 2223) is amended—

(1) in subsection (b)— 3iC£';; (A) by striking out "Farm Credit Administration" the first place it appears and inserting in lieu thereof "district election committee of the district where the election will be held"; and (B) by striking out "Farm Credit Administration" each place it appears thereafter and inserting in lieu thereof "district election committee"; (2) in subsection (c)— (A) by striking out "Farm Credit Administration" the first place it appears and inserting in lieu thereof "district

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