---
kind: "section"
citation: "12 U.S.C. § 2203"
title: "12"
title_heading: "Banks and Banking"
number: "2203"
heading: "Nomination of association directors; representative selection of nominees"
release: "119-102"
url: "https://uscodex.org/usc/12/2203"
units:
  - "Chapter 23 — Farm Credit System"
  - "Subchapter IV — Provisions Applicable to Two or More Classes of Institutions of the System"
  - "Part D — Activities of Institutions of the System"
---

# §2203. Nomination of association directors; representative selection of nominees


Each production [credit](/usc/12/5481.md?p=7) [association](/usc/12/1828.md?p=s-4-E-i) and each Federal land [bank](/usc/12/1426a.md?p=g-1) [association](/usc/12/1828.md?p=s-4-E-i) shall elect a nominating committee by vote of the stockholders at the annual meeting to serve for the following year. Each nominating committee shall review lists of farmers from the [association](/usc/12/1828.md?p=s-4-E-i) territory, determine their willingness to serve, and submit for election a slate of eligible candidates which shall include at least two nominees for each elective [office](/usc/12/2279bb.md?p=4) to be filled. In doing so, the committee shall endeavor to assure representation to all sections of the [association](/usc/12/1828.md?p=s-4-E-i) territory and as nearly as possible to all types of agriculture practiced within the area. Employees of the [association](/usc/12/1828.md?p=s-4-E-i) shall not be eligible to be nominated, elected, or serve as a [member](/usc/12/1426a.md?p=g-1) of the [board](/usc/12/221a.md?p=a). Nominations shall also be accepted from the floor. [Members](/usc/12/1426a.md?p=g-1) of the [board](/usc/12/221a.md?p=a) are not eligible to serve on the nominating committee. Regulations of the Farm [Credit](/usc/12/5481.md?p=7) Administration governing the election of [bank](/usc/12/1426a.md?p=g-1) [directors](/usc/12/2279bb.md?p=3) shall similarly assure a choice of two nominees for each elective [office](/usc/12/2279bb.md?p=4) to be filled and that the [bank](/usc/12/1426a.md?p=g-1) [board](/usc/12/221a.md?p=a) represent as nearly as possible all types of agriculture in the [district](/usc/12/221a.md?p=a).


## Source credit

(Pub. L. 92–181, title IV, § 4.15, Dec. 10, 1971, 85 Stat. 613; Pub. L. 100–399, title IX, § 901(g), Aug. 17, 1988, 102 Stat. 1007.)

## Notes

### Editorial Notes

### Amendments

1988—Pub. L. 100–399 substituted “bank directors” for “district directors” and “bank board” for “district board”.

### Statutory Notes and Related Subsidiaries

### Effective Date of 1988 Amendment

Amendment by Pub. L. 100–399 effective as if enacted immediately after enactment of Pub. L. 100–233, which was approved Jan. 6, 1988, see section 1001(a) of Pub. L. 100–399, set out as a note under section 2002 of this title.