12 CFR · Banks and Banking
§ 650.15 — Appointment of a receiver.
12 CFR § 650.15
TitleTitle 12: Banks and BankingPartPart 650: Federal Agricultural Mortgage Corporation General Provisions
SourceeCFR (current through Apr 10, 2026)
This text of 12 C.F.R. § 650.15 (Appointment of a receiver.) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
12 C.F.R. § 650.15 (2026).
Text
§ 650.15 Appointment of a receiver.
(a)The Farm Credit Administration Board may in its discretion appoint, ex parte and without prior notice, a receiver for the Corporation provided that one or more of the grounds for appointment as set forth in § 650.50 of this subpart exist.
(b)Upon the appointment of the receiver, the Chairman of the Farm Credit Administration Board shall immediately notify the Corporation and shall publish a notice of the appointment in the Federal Register.
(c)Upon the issuance of the order placing the Corporation into liquidation and appointing the receiver, all rights, privileges, and powers of the board of directors, officers, and employees of the Corporation shall be vested exclusively in the receiver. The Farm Credit Administration Board may cancel the chart
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Related
§ 650.50
12 C.F.R. § 650.50
Nearby Sections
11
§ 650.5
Reports of examination.§ 650.6
Criminal referrals.§ 650.10
Voluntary liquidation.§ 650.15
Appointment of a receiver.§ 650.25
Report to Congress.§ 650.30
Preservation of equity.§ 650.35
Notice to stockholders.§ 650.40
Creditor claims.Cite This Page — Counsel Stack
Bluebook (online)
12 C.F.R. § 650.15, Counsel Stack Legal Research, https://law.counselstack.com/cfr/12/650/650.15.