§ 1758. — Bylaws.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC1758]
TITLE 12--BANKS AND BANKING
CHAPTER 14--FEDERAL CREDIT UNIONS
SUBCHAPTER I--GENERAL PROVISIONS
Sec. 1758. Bylaws
In order to simplify the organization of Federal credit unions the
Board shall from time to time cause to be prepared a form of
organization certificate and a form of bylaws consistent with this
chapter, which shall be used by Federal credit union incorporators, and
shall be supplied to them on request. At the time of presenting the
organization certificate the incorporators shall also submit proposed
bylaws to the Board for its approval.
(June 26, 1934, ch. 750, title I, Sec. 108, formerly Sec. 8, 48 Stat.
1219; 1947 Reorg. Plan No. 1, Sec. 401, eff. July 1, 1947, 12 F.R. 4534,
61 Stat. 952; June 29, 1948, ch. 711, Secs. 1, 2, 62 Stat. 1091;
renumbered Sec. 9 and amended Pub. L. 86-354, Sec. 1, Sept. 22, 1959, 73
Stat. 631; Pub. L. 91-206, Sec. 2(1), Mar. 10, 1970, 84 Stat. 49;
renumbered title I, Sec. 108, Pub. L. 91-468, Sec. 1(2), Oct. 19, 1970,
84 Stat. 994; amended Pub. L. 95-630, title V, Sec. 502(b), Nov. 10,
1978, 92 Stat. 3681.)
Amendments
1978--Pub. L. 95-630 substituted ``Board'' for ``Administrator'' in
two places, and ``its approval'' for ``his approval''.
1970--Pub. L. 91-206 substituted ``Administrator'' for ``Director''
in two places.
1959--Pub. L. 86-354 substituted ``from time to time'' for ``, upon
the passage of this Act,''.
Effective Date of 1978 Amendment
Amendment by Pub. L. 95-630 effective on expiration of 120 days
after Nov. 10, 1978, and transitional provisions, see section 509 of
Pub. L. 95-630, set out as a note under section 1752 of this title.
Transfer of Functions
Transfer of functions of Farm Credit Administration and Governor
thereof, generally, see notes set out under section 1751 of this title.
Functions of Governor of Farm Credit Administration under this
section transferred to Federal Deposit Insurance Corporation by Reorg.
Plan No. 1 of 1947.
