### Question
How does FARM CREDIT SYSTEM define stock?


### Answer
Under *12 U.S.C. § 2154a*, **stock** is defined as:

> voting and nonvoting stock (including preferred stock), equivalent contributions to a guaranty fund, participation certificates, allocated equities, and other forms and types of equities

#### Citation:
  - *12 U.S.C. § 2154a*
  - Heading: **CHAPTER 23-FARM CREDIT SYSTEM > SUBCHAPTER IV-PROVISIONS APPLICABLE TO TWO OR MORE CLASSES OF INSTITUTIONS OF THE SYSTEM > Part A-Funding**

