12 CFR 616.6700
§ 616.6700 Stock purchase requirements.
United States · 12 CFR — Banks and Banking · Status: effective
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- Citation
- 12 CFR 616.6700, § 616.6700 Stock purchase requirements, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/47916
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Full text
(a) Each System institution, except the Farm Credit Leasing Services Corporation, making an equipment lease under titles II or III of the Act must require the lessee to buy or own at least one share of stock or one participation certificate in the institution making the lease, in accordance with its bylaws.
(b) The disclosure requirements of § 615.5250(a) and (b) of this chapter apply to stock (or participation certificates) bought as a condition for obtaining a lease.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.