FEDERAL · 12 U.S.C. · Chapter 23
Merger of similar associations
Current through Pub. L. 119-102
(a)In general
Associations may voluntarily merge with other like associations if the plan of merger is approved by—
(1)the Farm Credit Administration Board;
(2)the respective Boards of Directors of the associations involved;
(3)a majority vote of the stockholders of each association voting, in person or by proxy, at a duly authorized stockholders' meeting; and
(4)the Farm Credit Banks involved.
(b)Procedures
The provisions of subsections (b) and (c) of section 2279c–1 of this title shall apply to associations merged under this section.
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12 U.S.C. § 2279f–1 (Merger of similar associations) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
§ 2279c
12 U.S.C. § 2279c
Source Credit
History
(Pub. L. 92–181, title VII, §7.13, as added Pub. L. 100–233, title IV, §416, Jan. 6, 1988, 101 Stat. 1653; amended Pub. L. 100–399, title IV, §408(s), (t), Aug. 17, 1988, 102 Stat. 1003.)
Editorial Notes
Editorial Notes
Amendments
1988—Subsec. (a)(4). Pub. L. 100–399, §408(s), substituted "the Farm Credit Banks involved" for "the Farm Credit Bank".
Subsec. (b). Pub. L. 100–399, §408(t), substituted "subsections (b) and (c)" for "subsections (b), (c), and (d)".
Statutory Notes and Related Subsidiaries
Effective Date of 1988 Amendment
Amendment by Pub. L. 100–399 effective as if enacted immediately after enactment of Pub. L. 100–233, which was approved Jan. 6, 1988, see section 1001(a) of Pub. L. 100–399, set out as a note under section 2002 of this title.
Amendments
1988—Subsec. (a)(4). Pub. L. 100–399, §408(s), substituted "the Farm Credit Banks involved" for "the Farm Credit Bank".
Subsec. (b). Pub. L. 100–399, §408(t), substituted "subsections (b) and (c)" for "subsections (b), (c), and (d)".
Statutory Notes and Related Subsidiaries
Effective Date of 1988 Amendment
Amendment by Pub. L. 100–399 effective as if enacted immediately after enactment of Pub. L. 100–233, which was approved Jan. 6, 1988, see section 1001(a) of Pub. L. 100–399, set out as a note under section 2002 of this title.