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e-CFR data is current as of March 4, 2021

Title 12Chapter IISubchapter APart 211Subpart A → §211.7


Title 12: Banks and Banking
PART 211—INTERNATIONAL BANKING OPERATIONS (REGULATION K)
Subpart A—International Operations of U.S. Banking Organizations


§211.7   Voluntary liquidation of Edge and agreement corporations.

(a) Prior notice. An Edge or agreement corporation desiring voluntarily to discontinue normal business and dissolve, shall provide the Board with 45 days' prior written notice of its intent to do so.

(b) Waiver of notice period. The Board may waive the 45-day period if it finds that immediate action is required by the circumstances presented.

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