[Code of Federal Regulations]
[Title 12, Volume 2]
[Revised as of January 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 12CFR211.7]

[Page 354]
 
                       TITLE 12--BANKS AND BANKING
 
                   CHAPTER II--FEDERAL RESERVE SYSTEM
 
PART 211--INTERNATIONAL BANKING OPERATIONS (REGULATION K)--Table of Contents
 
    Subpart A--International Operations of U.S. Banking Organizations
 
Sec. 211.7  Voluntary liquidation of Edge and agreement corporations.

    (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.