{"data":{"id":"us/12-cfr-611.1220","jurisdiction":"us","citation":"12 CFR 611.1220","heading":"Termination resolution.","body":"No more than 1 week before you submit your plan of termination to us, your board of directors must adopt a termination resolution stating its support for terminating your status as a System institution and authorizing:\n(a) Submission to us of a plan of termination and other required submissions that comply with § 611.1223; and\n(b) Submission of the plan of termination to the voting stockholders if we approve the plan of termination under § 611.1230 or, if we take no action, after the end of our approval period.","path":["Title 12—Banks and Banking","CHAPTER VI—FARM CREDIT ADMINISTRATION","SUBCHAPTER B—FARM CREDIT SYSTEM","PART 611—ORGANIZATION","Subpart P—Termination of System Institution Status"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-12.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:16Z","sha256":"17ba46e936c4fbd58ca936c3c3e01917566c81197dea5956d905fc77bdc8ed97","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-611.1219","next":"us/12-cfr-611.1221"},"notice":"GroundRules: Original legal text. Not legal advice."}