12 CFR 611.501

§ 611.501 Procedures.

United States · 12 CFR — Banks and Banking · Status: effective

Cite this

Citation: 12 CFR 611.501, § 611.501 Procedures, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/47609
Permanent ID: ys:prov:47609@1
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Full text

(a) The boards of directors of a bank and an association which seek to transfer authorities may adopt appropriate resolutions approving such transfer and providing for the submission of such a proposal to their respective stockholders for a vote. (b) The resolutions accompanied by the following information shall be submitted to the Farm Credit Administration for review and approval: (1) Any proposed amendments to the charters of the institutions; (2) A copy of the transfer plan as required under § 611.520 of this part; (3) An information statement that complies with the requirements of § 611.515; (4) The proposed bylaws of the bank and the association, as applicable; and (5) Any additional information the boards of directors wish to submit in support of the request or that the Farm Credit Administration requests.

Legislative history

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