§ 1769. — Separability; right to alter, amend, or repeal chapter.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC1769]
TITLE 12--BANKS AND BANKING
CHAPTER 14--FEDERAL CREDIT UNIONS
SUBCHAPTER I--GENERAL PROVISIONS
Sec. 1769. Separability; right to alter, amend, or repeal
chapter
(a) If any provision of this chapter or the application thereof to
any person or circumstance, is held invalid, the remainder of the
chapter, and the application of such provision to other persons or
circumstances, shall not be affected thereby.
(b) The right to alter, amend, or repeal this chapter or any part
thereof, or any charter issued pursuant to the provisions of this
chapter, is expressly reserved.
(June 26, 1934, ch. 750, title I, Sec. 123, formerly Sec. 24, as added
Pub. L. 86-354, Sec. 1, Sept. 22, 1959, 73 Stat. 637; renumbered title
I, Sec. 123, Pub. L. 91-468, Sec. 1(2), Oct. 19, 1970, 84 Stat. 994.)
Prior Provisions
A prior section 1769, act June 26, 1934, ch. 750, Sec. 19, 48 Stat.
1222, made available not more than $50,000 of the funds available to the
Governor, under section 1404 of this title, for administrative expenses
in administering this chapter, prior to the amendment of act June 26,
1934, by Pub. L. 86-354.
Provisions similar to those comprising this section were contained
in section 20 of act June 26, 1934, ch. 750, 48 Stat. 1222 (formerly
classified to section 1770 of this title), prior to the amendment and
renumbering of act June 26, 1934, by Pub. L. 86-354.
