12 CFR 931.6 - Transfer of capital stock.

§ 931.6 Transfer of capital stock.
A Bank in its capital plan may allow a member to transfer any excess capital stock of the Bank to another member of that Bank or to an institution that has been approved for membership in that Bank and that has satisfied all conditions for becoming a member, other than the purchase of the minimum amount of Bank stock that it is required to hold as a condition of membership. Any such stock transfers shall be at par value and shall be effective upon being recorded on the appropriate books and records of the Bank. The Bank may, in its capital plan, require a member to receive the approval of the Bank before a transfer of the Bank's stock, as allowed under this section, is completed.
[66 FR 8310, Jan. 30, 2001, as amended at 66 FR 54108, Oct. 26, 2001]
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United States Code

Title 12 published on 2015-01-01

The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 12 CFR Part 931 after this date.

  • 2015-03-11; vol. 80 # 47 - Wednesday, March 11, 2015
    1. 80 FR 12753 - Federal Home Loan Bank Capital Stock and Capital Plans
      GPO FDSys XML | Text
      Final rule.
      This final rule will become effective on April 10, 2015.
      12 CFR Parts 931 and 933