Title 12 — Banks and Banking
Chapter 14 — Federal Credit Unions
§ 1765. Minors
Statutory text
Shares may be issued in the name of a minor or in trust, subject to such conditions as may be prescribed by the bylaws. When shares are issued in trust, the name of the beneficiary shall be disclosed to the Federal credit union.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Pub. L. 73–750 · 48 Stat. 1216
Enacted · 12 U.S.C. § 1765
June 26, 1934, ch. 750, title I, § 119, formerly § 15, 48 Stat. 1221
Source evidence
Code source credit
June 26, 1934, ch. 750, title I, § 119, formerly § 15, 48 Stat. 1221Pub. L. 86–354 § 1 · 73 Stat. 628
Substituted · 12 U.S.C. § 1765
Pub. L. 86–354 substituted “When shares are issued in trust, the” for “The” in second sentence
Source evidence
Code amendment note
Pub. L. 86–354 substituted “When shares are issued in trust, the” for “The” in second sentence.
0 of 2 references resolved to an enrolled provision · 2 partial
Editorial Notes
Amendments
1959—Pub. L. 86–354 substituted “When shares are issued in trust, the” for “The” in second sentence.
Credits
1934–1970 · 3 acts
- 1934June 26, 1934, ch. 750, title I, § 119, formerly § 15, 48 Stat. 1221
- 1959renumbered § 20, and amended Pub. L. 86–354, § 1, , 73 Stat. 634
- 1970renumbered title I, § 119, Pub. L. 91–468, § 1(2), , 84 Stat. 994.
Show as published
(June 26, 1934, ch. 750, title I, § 119, formerly § 15, 48 Stat. 1221; renumbered § 20, and amended Pub. L. 86–354, § 1, , 73 Stat. 634; renumbered title I, § 119, Pub. L. 91–468, § 1(2), , 84 Stat. 994.)