
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 12USC2279a-2]

 
                       TITLE 12--BANKS AND BANKING
 
                     CHAPTER 23--FARM CREDIT SYSTEM
 
          SUBCHAPTER VII--RESTRUCTURING OF SYSTEM INSTITUTIONS
 
                Part A--Merger of Banks Within a District
 
Sec. 2279a-2. Powers of merged banks


(a) In general

    Except as otherwise provided in this subchapter, a merged bank shall 
have all of the powers granted to, and shall be subject to all of the 
obligations imposed on, any of the constituent entities of the merged 
bank.

(b) Regulations

    The Farm Credit Administration shall issue regulations that 
establish the manner in which the powers and obligations of the banks 
that form the merged bank are consolidated, and to the extent necessary, 
reconciled in the merged bank.

(Pub. L. 92-181, title VII, Sec. 7.2, as added Pub. L. 100-233, title 
IV, Sec. 416, Jan. 6, 1988, 101 Stat. 1645.)

                  Section Referred to in Other Sections

    This section is referred to in section 2279f of this title.
