12 CFR 611.1235
§ 611.1235 Plan of termination—distribution.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 611.1235, § 611.1235 Plan of termination—distribution, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/47660
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Full text
(a) Reaffirmation resolution. Not more than 14 days before mailing the plan of termination to your equity holders, your board of directors must adopt a resolution reaffirming support of the termination. A certified copy of the resolution must be sent to us and must accompany the plan of termination when it is distributed to stockholders.
(b) Notice of meeting and distribution of plan. You must provide all equity holders with a notice of meeting and the plan of termination at least 45 days before the stockholder vote. You must also provide a copy of the plan to us when you provide it to your equity holders.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.