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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 12 - Banks and Banking |
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Chapter VI - Farm Credit Administration |
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SubChapter B - Farm Credit System |
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Part 615 - Funding and Fiscal Affairs, Loan Policies and Operations, and Funding Operations |
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Subpart M - Issuance of a Capital Directive |
§ 615.5359 - Issuance of a capital directive.
Latest version.
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§ 615.5359 Issuance of a capital directive.
(a) A capital directive will be served by delivery to the institution. It will include or be accompanied by a statement of reasons for its issuance.
(b) A capital directive is effective immediately upon its receipt by the institution, or upon such later date as may be specified therein, and shall remain effective and enforceable until it is stayed, modified, or terminated by the Farm Credit Administration.