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Code of Federal Regulations Title 7. Agriculture § 7.5001.508 Mergers

Current as of January 02, 2025 | Updated by Findlaw Staff

Agency approval. All borrower mergers or consolidations (herein referred to as “mergers”) require approval by the Agency and the lender. The Agency may approve a merger when—

(a) The resulting organization will be eligible for a guaranteed loan and assumes all the liabilities and acquires all the assets of the merged borrower;

(b) The merger is in the best interest of the government and the merging organization;

(c) The resulting organization can meet all required conditions as contained in specific loan agreements;  and

(d) All property can be legally transferred to the resulting organization.

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Cite this article: FindLaw.com - Code of Federal Regulations Title 7. Agriculture § 7.5001.508 Mergers - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-7-agriculture/cfr-sect-7-5001-508/

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