Merger means the combining, pursuant to state law, of one or more borrower or nonborrower organizations into an existing survivor organization that takes over the assets and assumes the liabilities of the merged organizations. While the terms merger and consolidation have different meanings, for the purpose of this part, mergers also include consolidations as defined above. Furthermore, mergers also include acquisitions where the acquired systems, lines, or facilities and the acquiring system are operated as one system.


7 CFR § 1735.2

Scoping language

As used in this part:

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