§ 2279a. Power to merge
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/usc/title-12/section-2279aA research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The banks within a district may merge into a single entity (hereinafter in this subchapter referred to as a “merged bank”) if the plan of merger is approved by—
(1)the Farm Credit Administration Board;
(2)the respective boards of directors of the banks involved;
(3)a majority of the stockholders of each bank voting, in person or by proxy, at a duly authorized stockholders’ meeting with each association entitled to cast a number of votes equal to the number of its voting stockholders; and
(4)in the case of a bank for cooperatives, a majority of the total equity interests in such merging bank for cooperatives (including allocated, but not unallocated, surplus and reserves) held by those stockholders or subscribers to the guaranty fund of the bank voting.
(Pub. L. 92–181, title VII, § 7.0, as added Pub. L. 100–233, title IV, § 416, Jan. 6, 1988, 101 Stat. 1645; amended Pub. L. 100–399, title IV, § 408(b), Aug. 17, 1988, 102 Stat. 1001.)
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- Pub. L. 92–181, title VII, § 7
- Pub. L. 100–233, title IV, § 416
- 101 Stat. 1645
- Pub. L. 100–399, title IV, § 408(b)
- 102 Stat. 1001
- Pub. L. 100–399
- section 2223(c) of this title
- Pub. L. 100–233
- section 1001(a) of Pub. L. 100–399
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§ 2279a
Power to merge
U.S.C.×3
Stat.×2
Stat. Comp.×1
Pub. L.Pub. L. 92–181, title VII, § 7
Pub. L.Pub. L. 100–233, title IV, § 416
Stat.101 Stat. 1645
Pub. L.Pub. L. 100–399, title IV, § 408(b)
Stat.102 Stat. 1001
Cites 10 · showing 6Cited by 6 across 3 sources