{"data":{"id":"us/12-cfr-611.501","jurisdiction":"us","citation":"12 CFR 611.501","heading":"Procedures.","body":"(a) The boards of directors of a bank and an association which seek to transfer authorities may adopt appropriate resolutions approving such transfer and providing for the submission of such a proposal to their respective stockholders for a vote.\n(b) The resolutions accompanied by the following information shall be submitted to the Farm Credit Administration for review and approval:\n(1) Any proposed amendments to the charters of the institutions;\n(2) A copy of the transfer plan as required under § 611.520 of this part;\n(3) An information statement that complies with the requirements of § 611.515;\n(4) The proposed bylaws of the bank and the association, as applicable; and\n(5) Any additional information the boards of directors wish to submit in support of the request or that the Farm Credit Administration requests.","path":["Title 12—Banks and Banking","CHAPTER VI—FARM CREDIT ADMINISTRATION","SUBCHAPTER B—FARM CREDIT SYSTEM","PART 611—ORGANIZATION","Subpart E—Transfer of Authorities"],"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":"7a7ffbb5c857650805fb40cf2e747ebaf72a52b8ed347633d567909ab0f6c8ae","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-611.500","next":"us/12-cfr-611.505"},"notice":"GroundRules: Original legal text. Not legal advice."}