12 U.S.C. § 2279f–1 — Merger of similar associations

1. (a)In generalAssociations may voluntarily merge with other like associations if the plan of merger is approved by—
   1. (1)the Farm Credit Administration Board;
   2. (2)the respective Boards of Directors of the associations involved;
   3. (3)a majority vote of the stockholders of each association voting, in person or by proxy, at a duly authorized stockholders’ meeting; and
   4. (4)the Farm Credit Banks involved.
2. (b)ProceduresThe provisions of subsections (b) and (c) of section 2279c–1 of this title shall apply to associations merged under this section.