Source: https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section3015&num=0&edition=prelim
Timestamp: 2019-12-06 21:22:38
Document Index: 371678257

Matched Legal Cases: ['§ 3015', '§105', '§394', '§6602', '§394', '§394']

[USC02] 12 USC 3015: Eligibility of cooperatives
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12 USC 3015: Eligibility of cooperatives Text contains those laws in effect on December 5, 2019
For the purpose of all subchapters of this chapter, subject to the limitations of subsection (d) of this section, an eligible cooperative is an organization chartered or operated on a cooperative, not-for-profit basis for producing or furnishing goods, services or facilities, primarily for the benefit of its members or voting stockholders who are ultimate consumers of such goods, services, or facilities, or a legally chartered entity primarily owned and controlled by any such organization or organizations, if it-
( Pub. L. 95–351, title I, §105, Aug. 20, 1978, 92 Stat. 506 ; Pub. L. 97–35, title III, §394(e)(1), (f), Aug. 13, 1981, 95 Stat. 436 , 437; Pub. L. 115–334, title VI, §6602(b)(18), Dec. 20, 2018, 132 Stat. 4777 .)
2018-Subsec. (d). Pub. L. 115–334 struck out "the Rural Telephone Bank," after "the National Rural Utilities Cooperative Finance Corporation,".
1981-Subsec. (a). Pub. L. 97–35, §394(e)(1), substituted "primarily owned" for "entirely owned".
Pub. 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 Pub. L. 97–35, set out as a note under section 3012 of this title.