Plan of termination—contents.

CFR · 2024-01-01 · US · Title 12

(a) (b) (1) Which stockholders have a right to vote on the termination and related transactions; (2) The material changes the termination will cause to the rights of borrowers and other equity holders; (3) The effect of those changes; (4) The anticipated benefits and potential disadvantages of the termination; (5) The right of certain equity holders to dissent and receive payment for their existing equities; and (6) The estimated termination date. (7) If applicable, an explanation of any corporate restructuring that the successor institution expects to engage in within 18 months after the date of termination. (c) (1) (2) (3) (4) (5) (6) (7) (8) (i) Whether the successor institution will require a borrower to hold an equity interest as a condition for having a loan; and (ii) Whether the successor institution will require equity holders to do business with the institution. (9) (10) (11) (ii) If we have assigned the chartered territory you serve to another System institution before the plan of termination is mailed to equity holders, or if another System institution is already chartered to make the same type of loans you make in the chartered territory, identify such institution(s) and provide the following information: (A) The name, address, and telephone number of the institution; and (B) An explanation of the institution's procedures for borrowers to apply for refinancing. (iii) If we have not assigned the territory before you mail the plan of termination, give the name, addr

official document · source cfr-2024 · id 12:§ 611.1223