§ 1765. — Minors.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC1765]
TITLE 12--BANKS AND BANKING
CHAPTER 14--FEDERAL CREDIT UNIONS
SUBCHAPTER I--GENERAL PROVISIONS
Sec. 1765. Minors
Shares may be issued in the name of a minor or in trust, subject to
such conditions as may be prescribed by the bylaws. When shares are
issued in trust, the name of the beneficiary shall be disclosed to the
Federal credit union.
(June 26, 1934, ch. 750, title I, Sec. 119, formerly Sec. 15, 48 Stat.
1221; renumbered Sec. 20, and amended Pub. L. 86-354, Sec. 1, Sept. 22,
1959, 73 Stat. 634; renumbered title I, Sec. 119, Pub. L. 91-468,
Sec. 1(2), Oct. 19, 1970, 84 Stat. 994.)
Amendments
1959--Pub. L. 86-354 substituted ``When shares are issued in trust,
the'' for ``The'' in second sentence.
