12 CFR 211.7
§ 211.7 Voluntary liquidation of Edge and agreement corporations.
United States · 12 CFR — Banks and Banking · Status: effective
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- Citation
- 12 CFR 211.7, § 211.7 Voluntary liquidation of Edge and agreement corporations, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/44251
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Full text
(a) Prior notice. An Edge or agreement corporation desiring voluntarily to discontinue normal business and dissolve, shall provide the Board with 45 days' prior written notice of its intent to do so.
(b) Waiver of notice period. The Board may waive the 45-day period if it finds that immediate action is required by the circumstances presented.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.