7 CFR 5001.508

§ 5001.508 Mergers.

United States · 7 CFR — Agriculture · Status: effective

Cite this

Citation: 7 CFR 5001.508, § 5001.508 Mergers, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/31733
Permanent ID: ys:prov:31733@1
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Full text

Agency approval. All borrower mergers or consolidations (herein referred to as “mergers”) require approval by the Agency and the lender. The Agency may approve a merger when— (a) The resulting organization will be eligible for a guaranteed loan and assumes all the liabilities and acquires all the assets of the merged borrower; (b) The merger is in the best interest of the government and the merging organization; (c) The resulting organization can meet all required conditions as contained in specific loan agreements; and (d) All property can be legally transferred to the resulting organization.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.