
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: 12USC2279f-1]

 
                       TITLE 12--BANKS AND BANKING
 
                     CHAPTER 23--FARM CREDIT SYSTEM
 
          SUBCHAPTER VII--RESTRUCTURING OF SYSTEM INSTITUTIONS
 
                    Part D--Mergers of Like Entities
 
Sec. 2279f-1. Merger of similar associations


(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.

(Pub. L. 92-181, title VII, Sec. 7.13, as added Pub. L. 100-233, title 
IV, Sec. 416, Jan. 6, 1988, 101 Stat. 1653; amended Pub. L. 100-399, 
title IV, Sec. 408(s), (t), Aug. 17, 1988, 102 Stat. 1003.)


                               Amendments

    1988--Subsec. (a)(4). Pub. L. 100-399, Sec. 408(s), substituted 
``the Farm Credit Banks involved'' for ``the Farm Credit Bank''.
    Subsec. (b). Pub. L. 100-399, Sec. 408(t), substituted ``subsections 
(b) and (c)'' for ``subsections (b), (c), and (d)''.


                    Effective Date of 1988 Amendment

    Amendment by Pub. L. 100-399 effective as if enacted immediately 
after enactment of Pub. L. 100-233, which was approved Jan. 6, 1988, see 
section 1001(a) of Pub. L. 100-399, set out as a note under section 2002 
of this title.

                  Section Referred to in Other Sections

    This section is referred to in section 2279c-2 of this title.
