---
kind: "section"
citation: "12 U.S.C. § 2279a–2"
title: "12"
title_heading: "Banks and Banking"
number: "2279a–2"
heading: "Powers of merged banks"
release: "119-102"
url: "https://uscodex.org/usc/12/2279a-2"
units:
  - "Chapter 23 — Farm Credit System"
  - "Subchapter VII — Restructuring of System Institutions"
  - "Part A — Merger of Banks Within a District"
---

# §2279a–2. Powers of merged banks

- (a) **In general—** Except as otherwise provided in this subchapter, a merged [bank](/usc/12/1426a.md?p=g-1) shall have all of the powers granted to, and shall be subject to all of the obligations imposed on, any of the constituent entities of the merged [bank](/usc/12/1426a.md?p=g-1).
- (b) **Regulations—** The Farm [Credit](/usc/12/5481.md?p=7) Administration shall issue regulations that establish the manner in which the powers and obligations of the [banks](/usc/12/221a.md?p=a) that form the merged [bank](/usc/12/1426a.md?p=g-1) are consolidated, and to the extent necessary, reconciled in the merged [bank](/usc/12/1426a.md?p=g-1).

## Source credit

(Pub. L. 92–181, title VII, § 7.2, as added Pub. L. 100–233, title IV, § 416, Jan. 6, 1988, 101 Stat. 1645.)