§ 615.5359. Issuance of a capital directive.
67 words·~1 min read·
/us/cfr/t12/s§ 615.5359·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)A capital directive will be served by delivery to the institution. It will include or be accompanied by a statement of reasons for its issuance.
(b)A capital directive is effective immediately upon its receipt by the institution, or upon such later date as may be specified therein, and shall remain effective and enforceable until it is stayed, modified, or terminated by the Farm Credit Administration.