12 U.S.C. § 2279a–2 — Powers of merged banks

FEDERAL · 12 U.S.C. · Chapter 23

Powers of merged banks

12 U.S.C. § 2279a–2

Title12 — Banks and Banking

Chapter23 — FARM CREDIT SYSTEM

SubchapterVII

PartA

Current throughPub. L. 119-99

This text of 12 U.S.C. § 2279a–2 (Powers of merged banks) 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 U.S.C. § 2279a–2.

Text

(a)In general Except as otherwise provided in this subchapter, a merged bank shall have all of the powers granted to, and shall be subject to all of the obligations imposed on, any of the constituent entities of the merged bank.

(b)Regulations The Farm Credit Administration shall issue regulations that establish the manner in which the powers and obligations of the banks that form the merged bank are consolidated, and to the extent necessary, reconciled in the merged bank.

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(a) In general
Except as otherwise provided in this subchapter, a merged bank shall have all of the powers granted to, and shall be subject to all of the obligations imposed on, any of the constituent entities of the merged bank.
(b) Regulations
The Farm Credit Administration shall issue regulations that establish the manner in which the powers and obligations of the banks that form the merged bank are consolidated, and to the extent necessary, reconciled in the merged bank.

Source Credit

History

(Pub. L. 92–181, title VII, §7.2, as added Pub. L. 100–233, title IV, §416, Jan. 6, 1988, 101 Stat. 1645.)

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Bluebook (online)

12 U.S.C. § 2279a–2, Counsel Stack Legal Research, https://law.counselstack.com/usc/12/2279a–2.