12 CFR 1277.25
§ 1277.25 Transfer of capital stock.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 1277.25, § 1277.25 Transfer of capital stock, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/50901
- Permanent ID
ys:prov:50901@1- SHA-256
5a3473a3a69972bf0a7c34d974fca7f6d7807b12daf01297e16a496640e199cc
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
A Bank in its capital plan may allow a member or former member to transfer any excess stock to a member of that Bank or to an institution that has been approved for membership in that Bank and that has satisfied all conditions for becoming a member, other than the purchase of the minimum amount of Bank stock that it is required to hold as a condition of membership. Any such stock transfers shall be at par value and shall be effective upon being recorded on the appropriate books and records of the Bank. The Bank may, in its capital plan, require that the transfer be approved by the Bank before such transfer can occur.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.