---
kind: "section"
citation: "12 U.S.C. § 1138f"
title: "12"
title_heading: "Banks and Banking"
number: "1138f"
heading: "Repealed. Aug. 11, 1955, ch. 785, title I, § 110(b), 69 Stat. 662"
status: "repealed"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/12/1138f"
units:
  - "Chapter 7 — Farm Credit Administration"
  - "Subchapter VI — Provisions Common to Production Credit Associations, and Regional and Central Banks for Cooperatives"
---

# [§1138f. Repealed. Aug. 11, 1955, ch. 785, title I, § 110(b), 69 Stat. 662 — repealed]



## Notes

Section, acts June 16, 1938, ch. 98, title VI, § 66, 48 Stat. 269; Oct. 28, 1949, ch. 782, title XII, § 1201, 63 Stat. 972; Oct. 24, 1951, ch. 554, § 3, 65 Stat. 614; June 28, 1955, ch. 189, § 5, 69 Stat. 178, limited to $14,620 per annum compensation which could be paid directors, officers, or employees of banks for cooperatives, production credit corporations, and production credit associations.

### Statutory Notes and Related Subsidiaries

### Effective Date of Repeal

Act Aug. 11, 1955, ch. 785, title I, § 112, 69 Stat. 662, provided that: “This title [repealing this section and amending section 1141f of this title] shall take effect on the first day of the month next following one hundred and twenty days after its enactment [Aug. 11, 1955].”