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§ 1148a to 1148a-3. —  Repealed.

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[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
  January 24, 2002 and December 19, 2002]
[CITE: 12USC1148a-1]

                       TITLE 12--BANKS AND BANKING
Secs. 1148a-1 to 1148a-3. Repealed. Pub. L. 87-128, title III, 
        Sec. 341(a), Aug. 8, 1961, 75 Stat. 318
    Section 1148a-1, acts Apr. 6, 1949, ch. 49, Sec. 1, 63 Stat. 43; 
Aug. 5, 1950, ch. 592, Sec. 1(a), 64 Stat. 414, provided for transfer of 
functions of Regional Agricultural Credit Corporation, Washington, D.C., 
to Secretary of Agriculture to make disaster loans, abolished such 
corporation, provided for transfer of assets, funds, rights, 
liabilities, use of revolving, transfer of personnel and delegation of 
authority by Secretary of Agriculture.
    Section 1148a-2, acts Apr. 6, 1949, ch. 49, Sec. 2, 63 Stat. 44; 
July 14, 1953, ch. 192, Sec. 1, 67 Stat. 149; July 7, 1955, ch. 278, 
Secs. 1, 2, 69 Stat. 263; July 15, 1955, ch. 373, 69 Stat. 366; July 11, 
1958, Pub. L. 85-516, 72 Stat. 357; July 26, 1961, Pub. L. 87-106, 75 
Stat. 220, authorized the Secretary of Agriculture to make loans to 
farmers and stockmen, prescribed the rates of interest and terms and 
conditions of the loans, provided for economic disaster loans and rates 
of interest and terms thereof, special livestock loans, the effective 
period of such loans, security, rate of interest, terms and conditions 
of such loans and local loan committees, emergency assistance in 
furnishing feed and seed, utilization of Agriculture Department 
agencies, utilization of revolving fund and transfer of funds into the 
revolving fund.
    Section 1148a-3, act Apr. 6, 1949, ch. 49, Sec. 3(a), 63 Stat. 44, 
provided that no suit or other judicial proceeding instituted by or 
against the Regional Agricultural Credit Corporation shall abate by 
reason of sections 1148a-1 and 1148a-2 of this title and permitted 
substitution of the Secretary as a party in place of the Corporation 
within six months after Apr. 16, 1949.
    For subject matter of former sections 1148a-1 to 1148a-3 of this 
title see section 1921 et seq. of Title 7, Agriculture.

                        Effective Date of Repeal

    Repeal effective one hundred and twenty days after Aug. 8, 1961, or 
such earlier date as the provisions of chapter 50 of Title 7,