12 C.F.R. § 611.1220 Filing of termination application.
Title 12 - Banks and Banking
(a) Adoption of termination resolution. Your board must adopt a termination resolution authorizing the application for termination and for a new charter. (b) Contents of termination application. Send us an original and five copies of the termination application for review and preliminary approval. If you send us the application in electronic form, you must send us at least one hard copy application with original signatures. The application must contain: (1) A certified copy of the termination resolution; (2) A copy of the plan of termination required under §611.1222; (3) An information statement that complies with §611.1223; (4) All other information that you give to current or prospective equity holders in connection with the termination; and (5) Any additional information that either we request or your board of directors wishes to submit in support of the application. (c) Requirement to update application. You must immediately send us any material changes to information in the plan of termination, including financial information, that occur between the date you file the application and the termination date. In addition, send us copies of any additional written information on the termination that you give to current or prospective equity holders before termination.
Title 12: Banks and Banking
PART 611—ORGANIZATION
Subpart P—Termination of System Institution Status
§ 611.1220 Filing of termination application.
