12 U.S.C. § 1758 — Bylaws
submitted 92 years ago by ch. 750 to r/title-12-BANKS-AND-BANKING · 73 words · no verdicts yet
The Board must prepare standard forms for Federal credit-union organization certificates and bylaws and provide them to incorporators who request them. Incorporators must submit proposed bylaws for Board approval when they submit the organization certificate.
To simplify Federal credit*-union organization, the Board* must from time to time have prepared a standard organization-certificate form and standard bylaws form consistent with this chapter. Federal credit-union incorporators must use the forms, and the forms must be supplied on request. When incorporators present the organization certificate, they must also submit proposed bylaws to the Board for approval.
In order to simplify the organization of Federal credit* unions the Board* shall from time to time cause to be prepared a form of organization certificate and a form of bylaws, consistent with this chapter, which shall be used by Federal credit union* incorporators, and shall be supplied to them on request. At the time of presenting the organization certificate the incorporators shall also submit proposed bylaws to the Board for its approval.
Source credit: (June 26, 1934, ch. 750, title I, § 108, formerly § 8, 48 Stat. 1219; 1947 Reorg. Plan No. 1, § 401, eff. July 1, 1947, 12 F.R. 4534, 61 Stat. 952; June 29, 1948, ch. 711, §§ 1, 2, 62 Stat. 1091; renumbered § 9 and amended Pub. L. 86–354, § 1, Sept. 22, 1959, 73 Stat. 631; Pub. L. 91–206, § 2(1), Mar. 10, 1970, 84 Stat. 49; renumbered title I, § 108, Pub. L. 91–468, § 1(2), Oct. 19, 1970, 84 Stat. 994; amended Pub. L. 95–630, title V, § 502(b), Nov. 10, 1978, 92 Stat. 3681.)
- 1934Enacted · Act of June 26, 1934, ch. 750 · 48 Stat. 1219
- 1948Amended · Act of June 29, 1948, ch. 711 · 62 Stat. 1091
- 1959Amended · Pub. L. 86-354 · 73 Stat. 631
- 1970Amended · Pub. L. 91-206 · 84 Stat. 49
- 1970Amended · Pub. L. 91-468 · 84 Stat. 994
- 1978Amended · Pub. L. 95-630 · 92 Stat. 3681
A history note hasn’t been published yet. The record shows enactment by ch. 750 on 1934-06-26.
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