12 U.S.C. · Banks and Banking
12 U.S.C. § 2279a2

Powers of merged banks

Ch. 23 — FARM CREDIT SYSTEM
Title 12 U.S.C. ● ACTIVE Primary Source Ch. 23
Statutory Text

12 U.S.C. § 2279a2 — Powers of merged banks

U.S.C. Title 12 - BANKS AND BANKING 12 U.S.C. United States Code, 2023 Edition 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 From the U.S. Government Publishing Office, www.gpo.gov

§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.)

Source: uscode.house.gov — public domain Official Source ↗
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12 U.S.C. § 2279a2
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The statutory text of 12 U.S.C. § 2279a2 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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