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U.S. Code as of:
01/19/04
Section 1148c. Consolidation or merger
(a) Power of Farm Credit Administration
The Farm Credit Administration shall have the power and authority
to order and effect the consolidation or merger of two or more
regional agricultural credit corporations, on such terms and
conditions as it shall direct.
(b) Status of corporations formed by consolidation
The Farm Credit Administration is authorized to grant charters
to, prescribe bylaws for, and fix the capital of, regional
agricultural credit corporations which may be formed by the
consolidation of two or more regional agricultural credit
corporations, and to approve or prescribe such amendments to the
charter and bylaws of any regional agricultural credit corporation
as it may from time to time deem necessary. Corporations formed by
the consolidation of two or more regional agricultural credit
corporations, as herein provided, shall have all the rights,
powers, authority, and exemptions and shall be subject to the same
supervision and control in the same manner as provided by law in
respect to regional agricultural credit corporations organized
under section 1148 of this title.
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