---
kind: "section"
citation: "12 U.S.C. § 2076a"
title: "12"
title_heading: "Banks and Banking"
number: "2076a"
heading: "Liens on stock"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/12/2076a"
units:
  - "Chapter 23 — Farm Credit System"
  - "Subchapter II — Farm Credit Associations"
  - "Part A — Production Credit Associations"
---

# §2076a. Liens on stock


Except with regard to stock or participation certificates held by other Farm [Credit](/usc/12/5481.md?p=7) [System institutions](/usc/12/2271.md?p=3), each production [credit](/usc/12/5481.md?p=7) association shall have a first lien on stock and participation certificates the association issues, on allocated surplus, and on investments in equity reserve, for any indebtedness of the holder of the capital investments and, in the case of equity reserves, for charges for association losses in excess of reserves and surpluses.


## Source credit

(Pub. L. 92–181, title II, § 2.6, as added Pub. L. 101–624, title XVIII, § 1833(2), Nov. 28, 1990, 104 Stat. 3832.)

## Notes

### Editorial Notes

### Prior Provisions

A prior section 2.6 of Pub. L. 92–181 was renumbered section 2.7 and is classified to section 2077 of this title.

### Statutory Notes and Related Subsidiaries

### Effective Date

Section effective Jan. 7, 1988, see section 1861(d) of Pub. L. 101–624, set out as an Effective Date of 1990 Amendment note under section 2001 of Title 7, Agriculture.