---
kind: "section"
citation: "12 U.S.C. § 2097"
title: "12"
title_heading: "Banks and Banking"
number: "2097"
heading: "Liens on stock"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/12/2097"
units:
  - "Chapter 23 — Farm Credit System"
  - "Subchapter II — Farm Credit Associations"
  - "Part B — Federal Land Bank Associations"
---

# §2097. Liens on stock


Each Federal land bank association shall have a first lien on the stock and participation certificates it issues, except on stock or participation certificates held by other Farm [Credit](/usc/12/5481.md?p=7) [System institutions](/usc/12/2271.md?p=3), for the payment of any liability of the stockholder to the association or to the bank, or to both of them.


## Source credit

(Pub. L. 92–181, title II, § 2.15, formerly § 2.16, as added Pub. L. 100–233, title IV, § 401, Jan. 6, 1988, 101 Stat. 1637; renumbered § 2.15, Pub. L. 100–399, title IV, § 401(w), Aug. 17, 1988, 102 Stat. 999.)

## Notes

### Editorial Notes

### Prior Provisions

A prior section 2097, Pub. L. 92–181, title II, § 2.16, Dec. 10, 1971, 85 Stat. 602; Pub. L. 96–592, title II, § 211, Dec. 24, 1980, 94 Stat. 3443, related to other services, prior to the general amendment of this subchapter by Pub. L. 100–233, § 401.

A prior section 2.15 of Pub. L. 92–181 was renumbered section 2.14 and is classified to section 2096 of this title.

### Statutory Notes and Related Subsidiaries

### Effective Date

Pub. L. 100–233, title IV, § 401, Jan. 6, 1988, 101 Stat. 1622, provided that this section is effective 6 months after Jan. 6, 1988.