Creation of new associations.

Any application for the issuance of a charter to a new production credit association or Federal land bank association must meet the requirements of sections 2.0 or 2.10, respectively, of the Act. Any application for the issuance of a charter for an agricultural credit association must meet the requirements of section 2.0 of the Act. [53 FR 50393, Dec. 15, 1988, as amended at 80 FR 51116, Aug. 24, 2015]