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Code · CFR · Title 12 — Banks and Banking · Part 615 — Funding and Fiscal Affairs, Loan Policies and Operations, and Funding Operations · § 615.5550

§ 615.5550. Bankers' acceptances.

35 words·~1 min read·/us/cfr/t12/s§ 615.5550·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Banks for cooperatives may rediscount with other purchasers the acceptances they have created. The bank for cooperatives' board of directors, under established policies, may delegate this authority to management. [71 FR 65387, Nov. 8, 2006]
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