Notice to OSMO of capital distributions.

CFR · 2024-01-01 · US · Title 12

(a) Farmer Mac must provide OSMO with notice 15 calendar days prior to a board consideration of a declaration of a capital distribution or any material changes in capital distributions policies. (b) Except as provided in paragraph (c), notice under paragraph (a) of this section is not required with respect to capital distributions set forth ( (c) In the event that OSMO determines a capital plan has not adequately taken into account OSMO's assessment as required under § 652.61(f), the exception described in paragraph (b) of this section shall not apply, and Farmer Mac must provide notification of any and all capital distributions as set forth in paragraph (a) of this section.

official document · source cfr-2024 · id 12:§ 652.62