12 U.S. Code § 2279f–1 - Merger of similar associations

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(a) In general
Associations may voluntarily merge with other like associations if the plan of merger is approved by—
(1) the Farm Credit Administration Board;
(2) the respective Boards of Directors of the associations involved;
(3) a majority vote of the stockholders of each association voting, in person or by proxy, at a duly authorized stockholders’ meeting; and
(4) the Farm Credit Banks involved.
(b) Procedures
The provisions of subsections (b) and (c) ofsection 2279c–1 of this title shall apply to associations merged under this section.

Source

(Pub. L. 92–181, title VII, § 7.13, as added Pub. L. 100–233, title IV, § 416,Jan. 6, 1988, 101 Stat. 1653; amended Pub. L. 100–399, title IV, § 408(s), (t),Aug. 17, 1988, 102 Stat. 1003.)
Amendments

1988—Subsec. (a)(4). Pub. L. 100–399, § 408(s), substituted “the Farm Credit Banks involved” for “the Farm Credit Bank”.
Subsec. (b). Pub. L. 100–399, § 408(t), substituted “subsections (b) and (c)” for “subsections (b), (c), and (d)”.
Effective Date of 1988 Amendment

Amendment by Pub. L. 100–399effective as if enacted immediately after enactment of Pub. L. 100–233, which was approved Jan. 6, 1988, see section 1001(a) ofPub. L. 100–399, set out as a note under section 2002 of this title.

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12 CFR - Banks and Banking

12 CFR Part 611 - ORGANIZATION

12 CFR Part 614 - LOAN POLICIES AND OPERATIONS

12 CFR Part 616 - LEASING

 

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