Termination resolution.

CFR · 2024-01-01 · US · Title 12

No more than 1 week before you submit your plan of termination to us, your board of directors must adopt a termination resolution stating its support for terminating your status as a System institution and authorizing: (a) Submission to us of a plan of termination and other required submissions that comply with § 611.1223; and (b) Submission of the plan of termination to the voting stockholders if we approve the plan of termination under § 611.1230 or, if we take no action, after the end of our approval period.

official document · source cfr-2024 · id 12:§ 611.1220