Statutes, codes, and regulations
Code of Federal Regulations
Title 12 - BANKS AND BANKINGChapter VII - NATIONAL CREDIT UNION ADMINISTRATIONSubchapter A - REGULATIONS AFFECTING CREDIT UNIONSPart 741 - REQUIREMENTS FOR INSURANCE
Subpart A - REGULATIONS THAT APPLY TO BOTH FEDERAL CREDIT UNIONS AND FEDERALLY INSURED STATE-CHARTERED CREDIT UNIONS AND THAT ARE NOT CODIFIED ELSEWHERE IN NCUA'S REGULATIONS
Section 741.7 - Conversion to a state-chartered credit union

12 C.F.R. § 741.7

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Current through September 30, 2024
Section 741.7 - Conversion to a state-chartered credit union

Any federal credit union that petitions to convert to a state-chartered federally insured credit union is required to apply to the Regional Director for continued insurance of its accounts and meet the requirements as stated in the Act and this part. If the application for continued insurance is not approved, such insurance will terminate subject to the conditions set forth in section 206(d) of the Act.

12 C.F.R. §741.7