Rolnictwo i finanse · 12.03.2007

Title IV Conservators, Receivers, and Voluntary Liquidations; Joint and Several Liability-Priority of Claims

The Farm Credit Administration (FCA, Agency, we), proposes to amend the priority of claims regulations to provide priority of claims rights to Farm Credit System (System, FCS, Farm Credit) banks if they make payments under a reallocation agreement to holders of consolidated and System-wide obligations on behalf of a defaulting System bank. We also propose to clarify that payments to a class of claims will be on a pro rata basis.