12 CFR · Banks and Banking
§ 650.55 — Inventory, audit, and reports.
12 CFR § 650.55
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. § 650.55 (Inventory, audit, and reports.) 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. § 650.55 (2026).
Text
§ 650.55 Inventory, audit, and reports.
(a)As soon as practicable after taking possession of the Corporation, the receiver shall take an inventory of the assets and liabilities as of the date possession was taken.
(b)The receivership shall be audited on an annual basis by a certified public accountant selected by the receiver.
(c)The receiver shall make an annual accounting or report, as appropriate, available for review upon request to any stockholder of the Corporation or any member of the public, with a copy provided to the Farm Credit Administration.
(d)As soon as practicable after final distribution, the receiver shall send to each stockholder of record a report summarizing the disposition of the assets of the receivership and claims against the receivership.
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Nearby Sections
11
§ 650.30
Preservation of equity.§ 650.35
Notice to stockholders.§ 650.40
Creditor claims.§ 650.45
Priority of claims.§ 650.50
Payment of claims.§ 650.55
Inventory, audit, and reports.§ 650.65
Appointment of a conservator.Cite This Page — Counsel Stack
Bluebook (online)
12 C.F.R. § 650.55, Counsel Stack Legal Research, https://law.counselstack.com/cfr/12/650/650.55.