12 USC § 2145 - Exchange of ownership interests

---
identifier: "/us/usc/t12/s2145"
source: "usc"
legal_status: "official_prima_facie"
title: "12 USC § 2145 - Exchange of ownership interests"
title_number: 12
title_name: "BANKS AND BANKING"
section_number: "2145"
section_name: "Exchange of ownership interests"
chapter_number: 23
chapter_name: "FARM CREDIT SYSTEM"
subchapter_number: "III"
subchapter_name: "BANKS FOR COOPERATIVES"
part_number: "B"
part_name: "National Banks for Cooperatives"
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 III, § 3.24, as added Pub. L. 100–233, title IV, § 415(2), Jan. 6, 1988, 101 Stat. 1644.)"
---


# § 2145. Exchange of ownership interests

On the establishment of the consolidated bank, ownership interests of the stockholders and subscribers to the guaranty funds of the constituent district banks for cooperatives (including stock, participation certificates, and allocated equities) shall be exchanged for like ownership interests in the consolidated bank on a book value basis.

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**Source Credit**: (Pub. L. 92–181, title III, § 3.24, as added Pub. L. 100–233, title IV, § 415(2), Jan. 6, 1988, 101 Stat. 1644.)