Statute: 1971 ACT AS AMENDED
Title: Title II Farm Credit Associations
Subtitle: Subtitle A Production Credit Associations
U.S. Code Citation: 12 U.S.C. 2076a
12 U.S.C 2076a SEC 2.6. LIENS ON STOCK.
Except with regard to stock or participation certificates held by other Farm Credit System institutions, each production credit association shall have a first lien on stock and participation certificates the association issues, on allocated surplus, and on investments in equity reserve, for any indebtedness of the holder of the capital investments and, in the case of equity reserves, for charges for association losses in excess of reserves and surpluses.
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