Title 12 — Banks and Banking
Chapter 14 — Federal Credit Unions
§ 1773. District of Columbia credit unions; conversion to Federal status
Statutory text
Any credit union organized under the District of Columbia Credit Unions Act, as amended, may apply for conversion into a Federal credit union by filing with the National Credit Union Administration Board (in sections 1773 to 1775 of this title referred to as the Board), pursuant to a resolution adopted by a majority of its directors, an organization certificate meeting the requirements of section 1753 of this title.
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. 88–395 § 1 · 78 Stat. 377
Enacted · 12 U.S.C. § 1773
Pub. L. 88–395, § 1, Aug. 1, 1964, 78 Stat. 377
Source evidence
Code source credit
Pub. L. 88–395, § 1, Aug. 1, 1964, 78 Stat. 377Enacted provision · exact public law section
(1) no fee shall be imposed upon a credit union converting pursuant to this Act as an incident to its conversion;
1 of 1 references resolved to an enrolled provision
Editorial Notes
References in Text
The District of Columbia Credit Unions Act, referred to in text, was repealed by Pub. L. 88–395, § 4, , 78 Stat. 377.
Codification
Section was not enacted as part of the Federal Credit Union Act which comprises this chapter.
Statutory Notes and Related Subsidiaries
Transfer of Functions
“National Credit Union Administration Board” and “Board” substituted in text for “Director of the Bureau of Federal Credit Unions” and “Director”, respectively, pursuant to section 3 of Pub. L. 91–206 and section 501 of Pub. L. 95–630 [12 U.S.C. 1752a] which transferred functions of Bureau of Federal Credit Unions, and Director thereof, to National Credit Union Administration and vested authority for management of Administration in National Credit Union Administration Board.
Repeals; Revocation of Organization Certificates Issued Under District of Columbia Credit Unions Act
Pub. L. 88–395, § 4, , 78 Stat. 377, provided that: “Effective thirty days after enactment of this Act [], the District of Columbia Credit Unions Act (47 Stat. 326), as amended, is repealed and all organization certificates issued thereunder and still in force are revoked.”
Credits
1964–1978 · 3 acts
- 1964Pub. L. 88–395, § 1, , 78 Stat. 377
- 1970Pub. L. 91–206, § 3, , 84 Stat. 49
- 1978Pub. L. 95–630, title V, § 501, , 92 Stat. 3680.
Show as published
(Pub. L. 88–395, § 1, , 78 Stat. 377; Pub. L. 91–206, § 3, , 84 Stat. 49; Pub. L. 95–630, title V, § 501, , 92 Stat. 3680.)