12 CFR 615.5359
§ 615.5359 Issuance of a capital directive.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 615.5359, § 615.5359 Issuance of a capital directive, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/47882
- Permanent ID
ys:prov:47882@1- SHA-256
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Full text
(a) A capital directive will be served by delivery to the institution. It will include or be accompanied by a statement of reasons for its issuance.
(b) A capital directive is effective immediately upon its receipt by the institution, or upon such later date as may be specified therein, and shall remain effective and enforceable until it is stayed, modified, or terminated by the Farm Credit Administration.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.