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§ 611.501 - Procedures.

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The boards of directors of a bank and an association which seek to transfer authorities may adopt appropriate resolutions approving such transfer and providing for the submission of such a proposal to their respective stockholders for a vote.

The resolutions accompanied by the following information shall be submitted to the Farm Credit Administration for review and approval:

Any proposed amendments to the charters of the institutions;

A copy of the transfer plan as required under § 611.520 of this part;

An information statement that complies with the requirements of § 611.515;

The proposed bylaws of the bank and the association, as applicable; and

Any additional information the boards of directors wish to submit in support of the request or that the Farm Credit Administration requests.

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§ 611.500 - General.
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§ 611.505 - Farm Credit Administration review.