C.F.R. » Title 12 » CHAPTER II—FEDERAL RESERVE SYSTEM › SUBCHAPTER A—BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM › PART 211—INTERNATIONAL BANKING OPERATIONS (REGULATION K) › Subpart A—International Operations of U.S. Banking Organizations

12 C.F.R. § 211.7

Voluntary liquidation of Edge and agreement corporations

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(a) Prior notice. An Edge or agreement corporation desiring voluntarily to discontinue normal business and dissolve, shall provide the Board with 45 days' prior written notice of its intent to do so.

(b) Waiver of notice period. The Board may waive the 45-day period if it finds that immediate action is required by the circumstances presented.

Notes of Decisions
Cited in 1 case, 1983–1983 · leading case: Rose Hall, Ltd. v. Chase Manhattan Overseas Banking Corp., 576 F. Supp. 107 (D. Del. 1983).
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Rose Hall, Ltd. v. Chase Manhattan Overseas Banking Corp., 576 F. Supp. 107 (D. Del. 1983). · cites it 2× “” 12 C.F.R. § 211.7 (a). 83 Such supervision, however, is not tantamount to control.”
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