12-U.S.C.-2279F-1

§2279F-1 – §2279F-1. Merger of Similar Associations

Pathway

Title 12 > Chapter 23 > Subchapter VII > Part D > Section 2279f-1

Details

• Reference: Section 2279f-1
• Legend: §2279F-1 – §2279F-1. Merger of Similar Associations
• USCode Year: 2013

Provision Content

(a) In general

Associations may voluntarily merge with other like associations if the plan of merger is approved by—

(1) the Farm Credit Administration Board;

(2) the respective Boards of Directors of the associations involved;

(3) a majority vote of the stockholders of each association voting, in person or by proxy, at a duly authorized stockholders’ meeting; and

(4) the Farm Credit Banks involved.

(b) Procedures

The provisions of subsections (b) and (c) of section 2279c–1 of this title shall apply to associations merged under this section.

(Pub. L. 92–181, title VII, §7.13, as added Pub. L. 100–233, title IV, §416, Jan. 6, 1988, 101 Stat. 1653; amended Pub. L. 100–399, title IV, §408(s), (t), Aug. 17, 1988, 102 Stat. 1003.)

Amendments

1988—Subsec. (a)(4). Pub. L. 100–399, §408(s), substituted the Farm Credit Banks involved for the Farm Credit Bank.

Subsec. (b). Pub. L. 100–399, §408(t), substituted subsections (b) and (c) for subsections (b), (c), and (d).

Effective Date of 1988 Amendment

Amendment by Pub. L. 100–399 effective as if enacted immediately after enactment of Pub. L. 100–233, which was approved Jan. 6, 1988, see section 1001(a) of Pub. L. 100–399, set out as a note under section 2002 of this title.

U.S. Encyclopedia of Law Coverage

12-U.S.C.-2279F-1 in the Legal Encyclopedia: Banking Law

In this entry about 12-U.S.C.-2279F-1, find legal reference material, bibliographies and premiere content related to banking law in the American Encyclopedia of Law, presenting a comprehensive view of the United States banking law-specific issues, written by authorities in the field.

12-U.S.C.-2279A-2 in the Legal Encyclopedia: Farm Credit System

In this entry about 12-U.S.C.-2279A-2, find legal reference material, bibliographies and premiere content related to farm credit system in the American Encyclopedia of Law, presenting a comprehensive view of the United States farm credit system-specific issues, written by authorities in the field.

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