Source: https://www.law.cornell.edu/uscode/text/12/1423
Timestamp: 2016-02-10 12:25:50
Document Index: 390533707

Matched Legal Cases: ['§ 1423', '§ 1423', '§ 1423', '§\u202f3', '§\u202f10', '§\u202f701', '§\u202f1204', '§\u202f1210', '§\u202f1204']

12 U.S. Code § 1423 - Federal Home Loan Bank districts; number and boundaries; establishment of Federal Home Loan Banks; names | US Law | LII / Legal Information Institute
U.S. Code › Title 12 › Chapter 11 › § 1423 12 U.S. Code § 1423 - Federal Home Loan Bank districts; number and boundaries; establishment of Federal Home Loan Banks; names
Federal Home Loan Bank districts; number and boundaries; establishment of Federal Home Loan Banks; names
(b) Authority to reduce districtsNotwithstanding subsection (a), the number of districts may be reduced to a number less than 8—
pursuant to a voluntary merger between Banks, as approved pursuant to section 1446(b) of this title; or
pursuant to a decision by the Director to liquidate a Bank pursuant to section 4617 of this title.
(July 22, 1932, ch. 522, § 3, 47 Stat. 726; July 14, 1952, ch. 723, § 10(c), 66 Stat. 604; Pub. L. 101–73, title VII, § 701(b)(1), (3)(A), Aug. 9, 1989, 103 Stat. 412; Pub. L. 110–289, div. A, title II, §§ 1204(8), 1210, July 30, 2008, 122 Stat. 2786, 2790.)
2008—Pub. L. 110–289, § 1210, designated existing provisions as subsec. (a), inserted heading, and added subsec. (b).
Pub. L. 110–289, § 1204(8), substituted “the Director” for “the Board” wherever appearing.
1989—Pub. L. 101–73 substituted “Board” for “board” wherever appearing.
1952—Act July 14, 1952, inserted “Guam,” after “Virgin Islands,”.