Title 12, Part 611 — Organization

Definitions.

Meetings of stockholders.

Director qualifications and training.

Outside directors.

Eligibility for membership on bank and association boards and subsequent employment.

Impartiality in the election of directors.

Bank and association nominating committees.

Floor nominations for open Farm Credit bank and association director positions.

Disclosures of Farm Credit bank and association director-nominees.

Confidentiality and security in voting.

Application of cooperative principles to the election of directors.

[Reserved]

Compensation of bank board members.

[Reserved]

General.

Procedures.

Farm Credit Administration review.

Approval procedures.

Information statement.

Plan of transfer.

Stockholder reconsideration.

General authority.

Farm Credit bank charter amendment procedures.

Requirements for mergers or consolidations of Farm Credit banks.

[Reserved]

Creation of new associations.

General authority.

Association charter amendment procedures.

Requirements for association mergers or consolidations.

Association merger or consolidation agreements.

Territorial adjustments.

Treatment of associations not approving districtwide mergers.

Reconsiderations of mergers and consolidations.

Inter-System transfer of funds and equities.

Incorporation of service corporations.

Regulation and examination of service corporations.

Title VIII service corporations.

Purpose and scope.

Definitions.

Authority over equity investments in UBEs for business activity.

General restrictions and prohibitions on the use of UBEs.

Notice of equity investments in UBEs.

Approval of equity investments in UBEs.

Ongoing requirements.

Disclosure and reporting requirements.

Grandfather provision.

Applicability of this subpart.

Definitions that apply in this subpart.

Advance notices—commencement resolution and notice to equity holders.

Special requirements.

Communications with the public and equity holders.

Public availability of documents related to the termination.

Plain language requirements.

Role of directors.

Prohibited acts.

Termination resolution.

Submission to FCA of plan of termination and disclosure information; other required submissions.

Plan of termination—contents.

FCA review and approval—plan of termination.

Plan of termination—distribution.

Voting record date and stockholder approval.

Stockholder reconsideration.

Filing of termination application and its contents.

FCA review and approval—termination.

Preliminary exit fee estimate.

Exit fee calculation.

Payment of debts and assessments—terminating association.

Retirement of a terminating association's investment in its affiliated bank.

Repayment of obligations—terminating bank.

Retirement of equities held by other System institutions.

Dissenting stockholders' rights.

Loan refinancing by borrowers.

Continuation of borrower rights.