12 USC 2279f1 - Merger of similar associations
(a) In general
Associations may voluntarily merge with other like associations if the plan of merger is approved by
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.
The provisions of subsections (b) and (c) of section 2279c–1 of this title shall apply to associations merged under this section.