12 C.F.R. § 611.1222 Plan of termination—contents.
Title 12 - Banks and Banking
The plan of termination must include: (a) Copies of all contracts, agreements, and other documents on the proposed termination and organization of the successor institution. (b) A statement of how you will transfer assets to, and have your liabilities assumed by, the successor institution. (c) Your plan to retire outstanding equities or convert them to equities of the successor institution. (d) A copy of the charter application for the successor institution, with any exhibits or other supporting information. (e) A statement, if applicable, whether the successor institution will continue to borrow from a Farm Credit bank and how such a relationship will affect your provision for payment of debts. The plan of termination must include evidence of any agreement and plan for satisfaction of outstanding debts (including amounts you owe to the FAC because of the termination).
Title 12: Banks and Banking
PART 611—ORGANIZATION
Subpart P—Termination of System Institution Status
§ 611.1222 Plan of termination—contents.
