Source: https://www.law.cornell.edu/cfr/text/12/650.15
Timestamp: 2016-07-28 11:39:35
Document Index: 155338439

Matched Legal Cases: ['art 650', '§ 650', '§ 650', '§ 2183', '§ 2243', '§ 2252', '§ 2279', '§ 2279', '§ 2279']

12 CFR 650.15 - Appointment of a receiver. | US Law | LII / Legal Information Institute
CFR › Title 12 › Chapter VI › Subchapter B › Part 650 › Section 650.15 12 CFR 650.15 - Appointment of a receiver.
§ 650.15 Appointment of a receiver.
(a) The Farm Credit Administration Board may in its discretion appoint, ex parte and without prior notice, a receiver for the Corporation provided that one or more of the grounds for appointment as set forth in § 650.50 of this subpart exist. (b) Upon the appointment of the receiver, the Chairman of the Farm Credit Administration Board shall immediately notify the Corporation and shall publish a notice of the appointment in the Federal Register.
(c) Upon the issuance of the order placing the Corporation into liquidation and appointing the receiver, all rights, privileges, and powers of the board of directors, officers, and employees of the Corporation shall be vested exclusively in the receiver. The Farm Credit Administration Board may cancel the charter of the Corporation on such date as the Farm Credit Administration Board determines is appropriate, but not later than the conclusion of the receivership and discharge of the receiver. This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.United States CodeU.S. Code: Title 12 - BANKS AND BANKING§ 2183 - Dissolution; voluntary or involuntary liquidation; mergers; receiverships or conservators§ 2243 - Powers of Board§ 2252 - Powers and duties§ 2279aa-11§ 2279bb - Definitions§ 2279cc - Conservatorship; liquidation; receivership