12 CFR 710.9 - Federally insured state-chartered credit unions.

Regulations last checked for updates: May 18, 2024

Title 12 - Banks and Banking last revised: May 14, 2024

View all text of Part 710 [§ 710.0 - § 710.9]

§ 710.9 - Federally insured state-chartered credit unions.

A federal insured state credit union will notify the Regional Director in writing within three days after the board of directors' decision to liquidate is made. A balance sheet and income statement as of the previous month-end and a copy of any liquidation plan will be included with the notification to the Regional Director.

authority: 12 U.S.C. 1766(a), 1786, and 1787

source: 58 FR 35365, July 1, 1993, unless otherwise noted.

cite as: 12 CFR 710.9