---
kind: "section"
citation: "12 U.S.C. § 2145"
title: "12"
title_heading: "Banks and Banking"
number: "2145"
heading: "Exchange of ownership interests"
release: "119-102"
url: "https://uscodex.org/usc/12/2145"
units:
  - "Chapter 23 — Farm Credit System"
  - "Subchapter III — Banks for Cooperatives"
  - "Part B — National Banks for Cooperatives"
---

# §2145. Exchange of ownership interests


On the establishment of the consolidated [bank](/usc/12/1426a.md?p=g-1), ownership interests of the stockholders and subscribers to the guaranty [funds](/usc/12/4702.md?p=10) of the constituent [district](/usc/12/221a.md?p=a) [banks](/usc/12/221a.md?p=a) for cooperatives ([including](/usc/12/25b.md?p=a-3) stock, [participation](/usc/12/2206a.md?p=a-1) certificates, and allocated equities) shall be exchanged for like ownership interests in the consolidated [bank](/usc/12/1426a.md?p=g-1) on a book value basis.


## 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.)