In general
Associations may voluntarily merge with other like associations if the plan of merger is approved by—
the Farm Credit Administration Board;
the respective Boards of Directors of the associations involved;
a majority vote of the stockholders of each association voting, in person or by proxy, at a duly authorized stockholders’ meeting; and
the Farm Credit Banks involved.
Procedures
section 2279c–1 of this titleThe provisions of subsections (b) and (c) of shall apply to associations merged under this section.
Pub. L. 92–181, title VII, § 7Pub. L. 100–233, title IV, § 416101 Stat. 1653Pub. L. 100–399, title IV, § 408(s)102 Stat. 1003(.13, as added , , ; amended , (t), , .)
Editorial Notes
Amendments
Pub. L. 100–399, § 408(s)1988—Subsec. (a)(4). , substituted “the Farm Credit Banks involved” for “the Farm Credit Bank”.
Pub. L. 100–399, § 408(t)Subsec. (b). , substituted “subsections (b) and (c)” for “subsections (b), (c), and (d)”.
Statutory Notes and Related Subsidiaries
Effective Date of 1988 Amendment
Pub. L. 100–399Pub. L. 100–233section 1001(a) of Pub. L. 100–399section 2002 of this titleAmendment by effective as if enacted immediately after enactment of , which was approved , see , set out as a note under .