---
kind: "section"
citation: "12 U.S.C. § 2279f–1"
title: "12"
title_heading: "Banks and Banking"
number: "2279f–1"
heading: "Merger of similar associations"
release: "119-102"
url: "https://uscodex.org/usc/12/2279f-1"
units:
  - "Chapter 23 — Farm Credit System"
  - "Subchapter VII — Restructuring of System Institutions"
  - "Part D — Mergers of Like Entities"
---

# §2279f–1. Merger of similar associations

- (a) **In general—** [Associations](/usc/12/1828.md?p=s-4-E-i) may voluntarily merge with other like [associations](/usc/12/1828.md?p=s-4-E-i) if the plan of merger is approved by—
  - (1) the Farm [Credit](/usc/12/5481.md?p=7) Administration [Board](/usc/12/221a.md?p=a);
  - (2) the respective [Boards](/usc/12/221a.md?p=a) of [Directors](/usc/12/2279bb.md?p=3) of the [associations](/usc/12/1828.md?p=s-4-E-i) involved;
  - (3) a majority vote of the stockholders of each [association](/usc/12/1828.md?p=s-4-E-i) voting, in [person](/usc/12/5481.md?p=19) or by proxy, at a duly authorized stockholders’ meeting; and
  - (4) the Farm [Credit](/usc/12/5481.md?p=7) [Banks](/usc/12/221a.md?p=a) involved.
- (b) **Procedures—** The provisions of subsections (b) and (c) of [section 2279c–1 of this title](/usc/12/2279c–1.md) shall apply to [associations](/usc/12/1828.md?p=s-4-E-i) merged under this section.

## Source credit

(Pub. L. 92–181, title VII, § 7.13, as added Pub. L. 100–233, title IV, § 416, Jan. 6, 1988, 101 Stat. 1653; amended Pub. L. 100–399, title IV, § 408(s), (t), Aug. 17, 1988, 102 Stat. 1003.)

## Notes

### Editorial Notes

### Amendments

1988—Subsec. (a)(4). Pub. L. 100–399, § 408(s), substituted “the Farm Credit Banks involved” for “the Farm Credit Bank”.

Subsec. (b). Pub. L. 100–399, § 408(t), substituted “subsections (b) and (c)” for “subsections (b), (c), and (d)”.

### Statutory Notes and Related Subsidiaries

### Effective Date of 1988 Amendment

Amendment by Pub. L. 100–399 effective as if enacted immediately after enactment of Pub. L. 100–233, which was approved Jan. 6, 1988, see section 1001(a) of Pub. L. 100–399, set out as a note under section 2002 of this title.