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Current as of January 01, 2024 | Updated by Findlaw Staff
(a)In general
Associations may voluntarily merge with other like associations if the plan of merger is approved by--
(1) the Farm Credit Administration Board;
(2) the respective Boards of Directors of the associations involved;
(3) a majority vote of the stockholders of each association voting, in person or by proxy, at a duly authorized stockholders' meeting; and
(4) the Farm Credit Banks involved.
(b)Procedures
The provisions of subsections (b) and (c) of section 2279c-1 of this title shall apply to associations merged under this section.
Cite this article: FindLaw.com - 12 U.S.C. § 2279f-1 - U.S. Code - Unannotated Title 12. Banks and Banking § 2279f-1. Merger of similar associations - last updated January 01, 2024 | https://codes.findlaw.com/us/title-12-banks-and-banking/12-usc-sect-2279f-1/
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