Definitions.

CFR · 2024-01-01 · US · Title 7

As used in this subpart: (1) The combination, pursuant to state law, of two or more borrower or nonborrower organizations into a new successor organization that takes over the assets and assumes the liabilities of those organizations; or (2) Any other transaction including an acquisition which has substantially the same effect. (1) The combination, pursuant to state law, of two or more borrower or nonborrower organizations into an existing survivor organization that takes over the assets and assumes the liabilities of the merged organizations; or (2) Any other transaction including an acquisition which has substantially the same effect.

official document · source cfr-2024 · id 7:§ 1786.96