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e-CFR data is current as of January 26, 2021

Title 12Chapter VISubchapter BPart 611Subpart G → §611.1120


Title 12: Banks and Banking
PART 611—ORGANIZATION
Subpart G—Mergers, Consolidations, and Charter Amendments of Associations


§611.1120   General authority.

(a) An amendment to an association charter may relate to any provision that is properly the subject of a charter, including, but not limited to, the name of the association, the location of its offices, or the territory served.

(b) The FCA may make changes in the charter of an association as may be requested by that association and approved by the FCA pursuant to §611.1121 of this part.

(c) The FCA may, on its own initiative, make changes in the charter of an agricultural credit association, Federal land bank association, or a production credit association, and any chartered service corporation thereof, where the FCA determines that the change is necessary to accomplish the purposes of the Act.

[50 FR 20400, May 16, 1985, as amended at 51 FR 41945, Nov. 20, 1986; 80 FR 51116, Aug. 24, 2015]

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