§211.7. Voluntary liquidation of Edge and agreement corporations.
12 C.F.R. § 211.7
Prior notice. An Edge or agreement corporation desiring voluntarily to discontinue normal business and dissolve, shall provide the Board with 45 days' prior written notice of its intent to do so.
Waiver of notice period. The Board may waive the 45-day period if it finds that immediate action is required by the circumstances presented.
Notes, amendments, and revision history
Source
Source: Reg. K, 66 FR 54374, Oct. 26, 2001, unless otherwise noted.
Authority
Authority: 12 U.S.C. 221 et seq., 1818, 1835a, 1841 et seq., 3101 et seq., 3901 et seq., and 5101 et seq.; 15 U.S.C. 1681s, 1681w, 6801 and 6805.