(a) As authorized under sections 7.0 and 7.12 of the Act, a Farm Credit bank may merge or consolidate with one or more Farm Credit banks operating under the same or different titles of the Act.
(b) The plan to merge or consolidate two or more Farm Credit banks is subject to the requirements of §§ 611.1122, 611.1123, and 611.1126 of this part, unless otherwise instructed by the FCA. In interpreting those sections, the phrase “Farm Credit bank(s)” will be read for the word “association(s)” and references to “funding bank” are to be ignored.
[80 FR 51116, Aug. 24, 2015]
authority: Secs. 1.2, 1.3, 1.4, 1.5, 1.12, 1.13, 2.0, 2.1, 2.2, 2.10, 2.11, 2.12, 3.0, 3.1, 3.2, 3.3, 3.7, 3.8, 3.9, 4.3A, 4.12, 4.12A, 4.15, 4.20, 4.25, 4.26, 4.27, 4.28A, 5.9, 5.17, 5.25, 7.0-7.3, 7.6-7.13, 8.5(e) of the Farm Credit Act (
12 U.S.C. 2002,
2011,
2012,
2013,
2020,
2021,
2071,
2072,
2073,
2091,
2092,
2093,
2121,
2122,
2123,
2124,
2128,
2129,
2130,
2154a,
2183,
2184,
2203,
2208,
2211,
2212,
2213,
2214,
2243,
2252,
2261,
2279a,
2279b,
2279aa; secs. 411 and 412, Pub. L. 100-233, 101 Stat. 1568, 1638, as amended by secs. 403 and 404, Pub. L. 100-399, 101 Stat. 989, 999 (
12 U.S.C. 2071 note and 2202 note)
source: 37 FR 11415, June 7, 1972, unless otherwise noted.
cite as: 12 CFR 611.1020