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Title 12 — Banks and Banking

Chapter 14 — Federal Credit Unions

§ 1772b. Apportionment

Statutory text

Notwithstanding any other provision of law, funds received by the Board pursuant to any method provided by this chapter, and interest, dividend, or other income thereon, shall not be subject to apportionment for the purpose of chapter 15 of title 31 or under any other authority.

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.

  1. Financial Institutions Emergency Acquisitions Amendments of 1987

    Pub. L. 100–86 title V § 505(e) · 101 Stat. 552

    Enacted · 12 U.S.C. § 1772b

    (June 26, 1934, ch. 750, title I, § 128, as added Pub. L. 100–86, title V, § 505(e), Aug. 10, 1987, 101 Stat. 633.)

    Source evidence

    Code source credit
    (June 26, 1934, ch. 750, title I, § 128, as added Pub. L. 100–86, title V, § 505(e), Aug. 10, 1987, 101 Stat. 633.)

    Enacted provision · exact public law section
    (e) The National Credit Union Administration.— Title I of the Federal Credit Union Act (12 U.S.C. 1751 et seq.) is amended by adding at the end thereof the following: “SEC. 128. APPORTIONMENT. “Notwithstanding any other provision of law, funds received by the Board pursuant to any method provided by this Act, and in-terest, dividend, or other income thereon, shall not be subject to apportionment for the purpose of chapter 15 of title 31, United 31 USC 1501 et seq. States Code, or under any other authority.”.

1 of 1 references resolved to an enrolled provision

Credits

(June 26, 1934, ch. 750, title I, § 128, as added Pub. L. 100–86, title V, § 505(e), , 101 Stat. 633.)

Parsed from the official OLRC USLM XML in data/usc_all/usc12.xml · release point 119-108 · OLRC build 2026-07-23

USLM identifier /us/usc/t12/s1772b