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e-CFR data is current as of January 15, 2021

Title 12Chapter VISubchapter BPart 611Subpart F → §611.1020


Title 12: Banks and Banking
PART 611—ORGANIZATION
Subpart F—Bank Mergers, Consolidations and Charter Amendments


§611.1020   Requirements for mergers or consolidations of Farm Credit banks.

(a) As authorized under sections 7.0 and 7.12 of the Act, a Farm Credit bank may merge or consolidate with one or more Farm Credit banks operating under the same or different titles of the Act.

(b) The plan to merge or consolidate two or more Farm Credit banks is subject to the requirements of §§611.1122, 611.1123, and 611.1126 of this part, unless otherwise instructed by the FCA. In interpreting those sections, the phrase “Farm Credit bank(s)” will be read for the word “association(s)” and references to “funding bank” are to be ignored.

[80 FR 51116, Aug. 24, 2015]

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