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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 12 U.S.C. § 2279a2 Powers of merged banks us united_states_code code_section 12 BANKS AND BANKING 23 FARM CREDIT SYSTEM 2279a2 12 U.S.C. § 2279a2 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip /us/usc/t12/s2279a2 data/legal/raw/us/code/title-12/usc12.xml 82b4710b9e8ea48628299aa5f66406f13da63ac51bd4124dcb4977485b102d6b e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa 50aad21dfdcfd851f9490f599dfb38d8a3a20a1250c4d99b23a60f551de1ad52 2026-07-04 official
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12 U.S.C. § 2279a2 - Powers of merged banks

Text

(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.

(Pub. L. 92181, title VII, § 7.2, as added Pub. L. 100233, title IV, § 416, Jan. 6, 1988, 101 Stat. 1645.)