12 CFR 615.5170

§ 615.5170 Real and personal property.

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

Cite this

Citation: 12 CFR 615.5170, § 615.5170 Real and personal property, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/47838
Permanent ID: ys:prov:47838@1
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Full text

Real estate and personal property may be acquired, held, or disposed of by any Farm Credit institution for the necessary and normal operations of its business. The purchase, lease, or construction of office quarters shall be limited to facilities reasonably necessary to meet the foreseeable requirements of the institution. Property shall not be acquired if it involves, or appears to involve, a bank or association in the real estate or other unrelated business.

Legislative history

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