Statute: 1971 ACT AS AMENDED
Title: Title IV Provisions Applicable to Two or More Classes of Institutions of the System
Part: Part D Activities of Institutions of the System
U.S. Code Citation: 12 U.S.C. 2208
12 U.S.C. 2208 SEC. 4.20. PROHIBITION AGAINST USE OF SIGNED BALLOTS.
In any election or merger vote, or other proceeding subject to a vote of the stockholders (or subscribers to the guaranty fund of a bank for cooperatives), conducted by a lending institution of the Farm Credit System, the institution—
(1) may not use signed ballots; and
(2) shall implement measures to safeguard the voting process for the protection of the right of stockholders (or subscribers) to a secret ballot.
[FCA Home | FCA Handbook]