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12 USC § 2279g - Transactions to accomplish mergers exempt from certain State taxes 

---
identifier: "/us/usc/t12/s2279g"
source: "usc"
legal_status: "official_prima_facie"
title: "12 USC § 2279g - Transactions to accomplish mergers exempt from certain State taxes"
title_number: 12
title_name: "BANKS AND BANKING"
section_number: "2279g"
section_name: "Transactions to accomplish mergers exempt from certain State taxes"
chapter_number: 23
chapter_name: "FARM CREDIT SYSTEM"
subchapter_number: "VII"
subchapter_name: "RESTRUCTURING OF SYSTEM INSTITUTIONS"
part_number: "E"
part_name: "Taxation of Merger Transactions"
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 VII, § 7.14, as added Pub. L. 100–399, title IV, § 408(u), Aug. 17, 1988, 102 Stat. 1003.)"
---

# § 2279g. Transactions to accomplish mergers exempt from certain State taxes

No State or political subdivision thereof may treat the merger or consolidation of two or more institutions of the Farm Credit System under this subchapter or title IV of the Agricultural Credit Act of 1987 as resulting in a change of ownership of any property owned by any of such merging or consolidating institutions, for purposes of any law of such State or political subdivision providing for reassessment of property on the occurrence of a change of ownership or imposing a tax on the ownership or transfer of property.

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**Source Credit**: (Pub. L. 92–181, title VII, § 7.14, as added Pub. L. 100–399, title IV, § 408(u), Aug. 17, 1988, 102 Stat. 1003.)

## Editorial Notes

### References in Text

The Agricultural Credit Act of 1987, referred to in text, is , , . Title IV of that Act amended this chapter. For complete classification of this Act to the Code see Short Title of 1988 Amendment note set out under  and Tables.

## Statutory Notes and Related Subsidiaries

### Effective Date

Section effective as if enacted immediately after enactment of , which was approved , see , set out as an Effective Date of 1988 Amendment note under .