Title 12, Banks and BankingRelease 119-110
§2279a–2 Powers of Merged Banks
Title 12 › CHAPTER 23 — FARM CREDIT SYSTEM › SUBCHAPTER VII — RESTRUCTURING OF SYSTEM INSTITUTIONS › Part A — Merger of Banks Within a District › § 2279a–2
Summary
A merged bank keeps the powers and duties of the banks that joined it unless this subchapter says otherwise; Farm Credit Administration must issue rules for combining them.
Full Legal Text
Title 12, §2279a–2
Banks and Banking, Source: USLM XML via OLRC
(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.
Reference
Citations & Metadata
Citation
12 U.S.C. § 2279a–2
Title 12, Banks and Banking
Last Updated
Sep 22, 2026
Release point: 119-110