12 U.S.C. § 2279a–2 — Powers of merged banks
submitted 38 years ago by Pub. L. 92-181 to r/title-12-BANKS-AND-BANKING · 80 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
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.
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.
Source credit: (Pub. L. 92–181, title VII, § 7.2, as added Pub. L. 100–233, title IV, § 416, Jan. 6, 1988, 101 Stat. 1645.)
- 1988Enacted · Pub. L. 92-181 · 101 Stat. 1645
A history note hasn’t been published yet. The record shows enactment by Pub. L. 92-181 on 1988-01-06.
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