12 C.F.R. § 1263.30
Readmission to membership
(a) In general. An institution that has withdrawn from membership or otherwise has had its membership terminated and which has divested all of its shares of Bank stock, may not be readmitted to membership in any Bank, or acquire any capital stock of any Bank, for a period of five years from the date on which its membership terminated and it divested all of its shares of Bank stock.
(b) Exceptions. An institution that transfers membership between two Banks without interruption shall not be deemed to have withdrawn from Bank membership or had its membership terminated.
Notes of Decisions
Cited in 1
case (1 in the last 5 years), 2022–2022 · leading case: Change Lending LLC v. Fed. Home Loan Bank of San Francisco (N.D. Cal. 2022).
Change Lending LLC v. Fed. Home Loan Bank of San Francisco (N.D. Cal. 2022). “) Consequently, for the reasons 25 26 8 As an aside, FHFA notes that where a membership can be, and is, involuntarily terminated, such member is prohibited from reapplying for membership for five years, see 27 12 C.F.R. § 1263.30 , whereas, under the nullification procedure…”
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