§ 650.35. Notice to stockholders.
86 words·~1 min read·
/us/cfr/t12/s§ 650.35·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
As soon as practicable after a receiver takes possession of the Corporation, the receiver shall notify, by first class mail, each holder of stock of the following matters:
(a)The number of shares such holder owns;
(b)That the stock and other equities of the Corporation may not be retired or transferred until the liquidation is completed, whereupon the receiver will distribute a liquidating dividend, if any, to the stockholders; and
(c)Such other matters as the receiver or the Farm Credit Administration Board deems necessary.