12 CFR 611.1040 - Creation of new associations.

Code of Federal Regulations - Title 12: Banks and Banking

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Title 12: Banks and Banking

CHAPTER VI: FARM CREDIT ADMINISTRATION

SUBCHAPTER B: FARM CREDIT SYSTEM

PART 611: ORGANIZATION

Subpart F: Bank Mergers, Consolidations and Charter Amendments

611.1040 - Creation of new associations.

Any application for the issuance of a charter to a new production credit association or Federal land bank association shall meet the requirements of sections 2.0 or 2.10, respectively, of the Act. Any application for the issuance of a charter for an agricultural credit association shall meet the requirements of section 2.0 of the Act.

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