§ 2279f–1 — Merger Of Similar Associations

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