---
kind: "section"
citation: "7 C.F.R. § 1735.60"
title: "7"
number: "1735.60"
heading: "Specific provisions."
url: "https://uscodex.org/cfr/7/1735.60"
---

# §1735.60. Specific provisions.

- (a) **The standard form of RUS mortgage contains certain provisions concerning mergers and acquisitions—**
  - (1) Article II, [section 4(a)](/cfr/7/4.md?p=a) requires the borrower to obtain the written approval of the majority noteholders before taking any action to reorganize, or to consolidate with or merge into any other corporation.
  - (2) Article II, [section 4(b)](/cfr/7/4.md?p=b), if made applicable, provides certain exceptions to the requirements of [section 4(a)](/cfr/7/4.md?p=a).
- (b) Similar provisions are contained in other forms of documents executed by borrowers that have not entered into the standard form of mortgage.
- (c) Mortgages and loan contracts may contain other provisions concerning mergers and acquisitions.

## Notes

### Amendments

[54 FR 14626, Apr. 12, 1989. Redesignated at 55 FR 39395, Sept. 27, 1990, as amended at 62 FR 46871, Sept. 5, 1997]

### Source

Source: 54 FR 14626, Apr. 12, 1989, unless otherwise noted. Redesignated at 55 FR 39395, Sept. 27, 1990.

### Authority

Authority: 7 U.S.C. 901 et seq., 1921 et seq., and 6941 et seq.

### Source

Source: 54 FR 13352, Apr. 3, 1989, unless otherwise noted. Redesignated at 55 FR 39395, Sept. 27, 1990.

### Amendments

[54 FR 14626, Apr. 12, 1989. Redesignated at 55 FR 39395, Sept. 27, 1990, as amended at 62 FR 46871, Sept. 5, 1997]