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Type: Statute
Statute: 1971 ACT AS AMENDED
Title: Title V Farm Credit Administration Organization
Part: Part C Enforcement Powers of Farm Credit Administration
Subtitle:
Chapter Name:
U.S. Code Citation: 12 U.S.C. 2270


12 U.S.C. 2270 SEC. 5.34. REPLACEMENT OF SUSPENDED OR REMOVED DIRECTORS.
If at any time, because of the suspension or removal of one or more directors pursuant to section 5.28 or 5.29 of this Act, there shall be on the board of directors of a System institution less than a quorum of directors not so suspended, the Chairman shall appoint persons to serve temporarily as directors in their place and stead so as to establish a quorum until such time as those who have been removed are reinstated or their respective successors are duly elected and take office.

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