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§ 1789a. —  Credit unions as depositaries of public money; fiscal agents; duties.



[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
  January 24, 2002 and December 19, 2002]
[CITE: 12USC1789a]

 
                       TITLE 12--BANKS AND BANKING
 
                    CHAPTER 14--FEDERAL CREDIT UNIONS
 
                     SUBCHAPTER II--SHARE INSURANCE
 
Sec. 1789a. Credit unions as depositaries of public money; 
        fiscal agents; duties
        
    Any credit union the accounts of which are insured under this title 
shall be a depositary of public money and may be employed as fiscal 
agent of the United States. The Secretary of the Treasury is authorized 
to deposit public money in any such insured credit union, and shall 
prescribe such regulations as may be necessary to enable such credit 
unions to become depositaries of public money and fiscal agents of the 
United States. Each credit union shall perform all such reasonable 
duties as depositaries of public money and fiscal agent of the United 
States as may be required of it including services in connection with 
the collection of taxes and other obligations owed the United States.

(June 26, 1934, ch. 750, title II, Sec. 210, as added Pub. L. 95-147, 
Sec. 2(c)(1), Oct. 28, 1977, 91 Stat. 1227.)


                            Prior Provisions

    A prior section 210 of act June 26, 1934, ch. 750, was renumbered 
section 211 and is classified to section 1790 of this title.



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