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12 U.S.C. § 1774 — Approval of certificate; assets and obligations of applicant credit union

submitted 62 years ago by Pub. L. 88-395 to r/title-12-BANKS-AND-BANKING · 59 words · no verdicts yet

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A translation hasn’t been published for this section yet. The official text below is complete and authoritative.

the actual law source: uscode.house.gov ↗public domain

The Board shall approve any such organization certificate meeting such requirements. Upon such approval, the applicant credit union shall become a Federal credit union, and shall be vested with all of the assets and shall continue responsible for all of the obligations of such applicant credit union to the same extent as though the conversion had not taken place.

Source credit: (Pub. L. 88–395, § 2, Aug. 1, 1964, 78 Stat. 377; Pub. L. 91–206, § 3, Mar. 10, 1970, 84 Stat. 49; Pub. L. 95–630, title V, § 501, Nov. 10, 1978, 92 Stat. 3680.)

history & why it existsrecord from the source credit
  • 1964Enacted · Pub. L. 88-395 · 78 Stat. 377
  • 1970Amended · Pub. L. 91-206 · 84 Stat. 49
  • 1978Amended · Pub. L. 95-630 · 92 Stat. 3680

A history note hasn’t been published yet. The record shows enactment by Pub. L. 88-395 on 1964-08-01.

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