[USC02] 12 USC 2279a-2: Powers of merged banks
Result 1 of 1
   
 
12 USC 2279a-2: Powers of merged banks Text contains those laws in effect on October 24, 2020
From Title 12-BANKS AND BANKINGCHAPTER 23-FARM CREDIT SYSTEMSUBCHAPTER VII-RESTRUCTURING OF SYSTEM INSTITUTIONSPart A-Merger of Banks Within a District
Jump To: Source Credit

§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, §7.2, as added Pub. L. 100–233, title IV, §416, Jan. 6, 1988, 101 Stat. 1645 .)