12 CFR 611.1020
§ 611.1020 Requirements for mergers or consolidations of Farm Credit banks.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 611.1020, § 611.1020 Requirements for mergers or consolidations of Farm Credit banks, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/47618
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Full text
(a) As authorized under sections 7.0 and 7.12 of the Act, a Farm Credit bank may merge or consolidate with one or more Farm Credit banks operating under the same or different titles of the Act.
(b) The plan to merge or consolidate two or more Farm Credit banks is subject to the requirements of §§ 611.1122, 611.1123, and 611.1126 of this part, unless otherwise instructed by the FCA. In interpreting those sections, the phrase “Farm Credit bank(s)” will be read for the word “association(s)” and references to “funding bank” are to be ignored.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.