As used in this part:

Terms Used In 12 CFR 622.2

  • Act: means the Farm Credit Act of 1971, as amended. See 12 CFR 622.2
  • Board: means the Farm Credit Administration Board. See 12 CFR 622.2
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • FCA: means the Farm Credit Administration. See 12 CFR 622.2
  • Party: means the FCA or a person or institution named as a party in any notice that commences a proceeding, or any person or institution who is admitted as a party or who has filed a written request and is entitled as of right to be a party. See 12 CFR 622.2

(a) Act means the Farm Credit Act of 1971, as amended. 12 U.S.C. 2001, et seq.

(b) FCA means the Farm Credit Administration.

(c) Board means the Farm Credit Administration Board.

(d) The terms institution in the System, System institution and institution mean all institutions enumerated in section 1.2 of the Act, any institution chartered pursuant to or established by the Act, except for the Farm Credit System Assistance Board and the Farm Credit System Insurance Corporation, and any service corporation chartered under the Act.

(e) Party means the FCA or a person or institution named as a party in any notice that commences a proceeding, or any person or institution who is admitted as a party or who has filed a written request and is entitled as of right to be a party.

(f) Presiding officer means an administrative law judge or any FCA employee or other person designated by the Board to conduct a hearing.

(g) Ex parte communication means an oral or written communication not on the record with respect to which reasonable prior notice to all parties is not given. It does not include requests for status reports.

[51 FR 21139, June 11, 1986, as amended at 53 FR 27284, July 19, 1988; 78 FR 31835, May 28, 2013]