[Code of Federal Regulations]

[Title 12, Volume 6]

[Revised as of January 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 12CFR611.1215]



[Page 73]

 

                       TITLE 12--BANKS AND BANKING

 

                 CHAPTER VI--FARM CREDIT ADMINISTRATION

 

PART 611_ORGANIZATION--Table of Contents

 

           Subpart P_Termination of System Institution Status

 

Sec. 611.1215  Prohibited acts.



    (a) Statements about termination. Neither the institution nor any 

director, officer, employee, or agent may make any untrue or misleading 

statement of a material fact, or fail to disclose any material fact, 

about the termination to a current or prospective equity holder.

    (b) Representations regarding FCA approval. Neither the institution 

nor any director, officer, employee, or agent may make an oral or 

written representation to anyone that a preliminary or final approval of 

the termination by us is, directly or indirectly, either a 

recommendation on the merits of the proposal or an assurance that the 

information you give to your equity holders is adequate or accurate.