12 CFR 1263.30
§ 1263.30 Readmission to membership.
United States · 12 CFR — Banks and Banking · Status: effective
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- Citation
- 12 CFR 1263.30, § 1263.30 Readmission to membership, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/50747
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Full text
(a) In general. An institution that has withdrawn from membership or otherwise has had its membership terminated and which has divested all of its shares of Bank stock, may not be readmitted to membership in any Bank, or acquire any capital stock of any Bank, for a period of five years from the date on which its membership terminated and it divested all of its shares of Bank stock.
(b) Exceptions. An institution that transfers membership between two Banks without interruption shall not be deemed to have withdrawn from Bank membership or had its membership terminated.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.