12 USC § 2092 - Board of directors

---
identifier: "/us/usc/t12/s2092"
source: "usc"
legal_status: "official_prima_facie"
title: "12 USC § 2092 - Board of directors"
title_number: 12
title_name: "BANKS AND BANKING"
section_number: "2092"
section_name: "Board of directors"
chapter_number: 23
chapter_name: "FARM CREDIT SYSTEM"
subchapter_number: "II"
subchapter_name: "FARM CREDIT ASSOCIATIONS"
part_number: "B"
part_name: "Federal Land Bank Associations"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Pub. L. 92–181, title II, § 2.11, as added Pub. L. 100–233, title IV, § 401, Jan. 6, 1988, 101 Stat. 1635; amended Pub. L. 102–237, title V, § 502(d), Dec. 13, 1991, 105 Stat. 1868.)"
---


# § 2092. Board of directors

Each Federal land bank association shall elect from its voting shareholders a board of directors of such number, for such terms, in such manner, and with such qualifications as may be required by its bylaws except that, at least one member shall be elected by the other directors, which member shall not be a director, officer, employee, stockholder, or agent of a System institution.

---

**Source Credit**: (Pub. L. 92–181, title II, § 2.11, as added Pub. L. 100–233, title IV, § 401, Jan. 6, 1988, 101 Stat. 1635; amended Pub. L. 102–237, title V, § 502(d), Dec. 13, 1991, 105 Stat. 1868.)

## Editorial Notes

### Prior Provisions

A prior section 2092, .11, , , related to board of directors, prior to the general amendment of this subchapter by .

### Amendments

1991— substituted “stockholder, or agent” for “or stockholder”.

## Statutory Notes and Related Subsidiaries

### Effective Date

, , , provided that this section is effective 6 months after .