12 CFR 747.3006 - Conservatorship or liquidation of critically undercapitalized corporate credit union.

Regulations last checked for updates: May 07, 2025

Title 12 - Banks and Banking last revised: Apr 15, 2025

View all text of Subpart M [§ 747.3001 - § 747.3006]

§ 747.3006 - Conservatorship or liquidation of critically undercapitalized corporate credit union.

Notwithstanding any other provision of this title, the NCUA may, without any administrative due process, immediately place into conservatorship or liquidation any corporate credit union that has been categorized as critically undercapitalized.

authority: 12 U.S.C. 1766,1782,1784,1785,1786,1787,1790a,1790d; 15 U.S.C. 1639e; 42 U.S.C. 4012a; Pub. L. 101-410; Pub. L. 104-134; Pub. L. 109-351; Pub. L. 114-74

source: 56 FR 37767, Aug. 8, 1991, unless otherwise noted.

cite as: 12 CFR 747.3006