Exemption From Taxation

12 USC 931 - Repealed. Pub. L. 92181, title V, 5.26(a), Dec. 10, 1971, 85 Stat. 624

Section, acts July 17, 1916, ch. 245, title I, 26, 39 Stat. 380; Aug. 18, 1959, Pub. L. 86–168, title I, § 104(h), 73 Stat. 387, exempted land banks and land bank associations from taxation and directed that mortgages and bonds be deemed instrumentalities of government. See section 2055 of this title.

12 USC 931a - Omitted

932, 933. Repealed. Pub. L. 92181, title V, 5.26(a), Dec. 10, 1971, 85 Stat. 624

Section 932, act July 17, 1916, ch. 245, title I, 26, 39 Stat. 380, covered joint-stock land banks and limitations on state taxation of shares thereof. Section 933, acts July 17, 1916, ch. 245, title I, 26, 39 Stat. 380; Aug. 18, 1959, Pub. L. 86–168, title I, § 104(h), 73 Stat. 387, prohibited a construction of statute which might serve to render exempt real property of land banks and land bank associations from state, county, or municipal taxes.