2011 US Code
Title 12 - Banks and Banking
Chapter 23 - FARM CREDIT SYSTEM (§§ 2001 - 2279cc)
Subchapter VII - RESTRUCTURING OF SYSTEM INSTITUTIONS (§§ 2279a - 2279g)
Part D - Mergers of Like Entities (§§ 2279f - 2279f-1)
Section 2279f-1 - Merger of similar associations
View Metadata| Publication Title | United States Code, 2006 Edition, Supplement 5, Title 12 - BANKS AND BANKING |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 12 - BANKS AND BANKING CHAPTER 23 - FARM CREDIT SYSTEM SUBCHAPTER VII - RESTRUCTURING OF SYSTEM INSTITUTIONS Part D - Mergers of Like Entities Sec. 2279f-1 - Merger of similar associations |
| Contains | section 2279f-1 |
| Date | 2011 |
| Laws in Effect as of Date | January 3, 2012 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | 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. |
| Statutes at Large References | 101 Stat. 1653 102 Stat. 1003 |
| Public Law References | Public Law 92-181, Public Law 100-233, Public Law 100-399 |
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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) ProceduresThe 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.)
Amendments1988—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 AmendmentAmendment 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.
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