§ 1773. — District of Columbia credit unions; conversion to Federal status.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC1773]
TITLE 12--BANKS AND BANKING
CHAPTER 14--FEDERAL CREDIT UNIONS
SUBCHAPTER I--GENERAL PROVISIONS
Sec. 1773. District of Columbia credit unions; conversion to
Federal status
Any credit union organized under the District of Columbia Credit
Unions Act, as amended, may apply for conversion into a Federal credit
union by filing with the National Credit Union Administration Board (in
sections 1773 to 1775 of this title referred to as the Board), pursuant
to a resolution adopted by a majority of its directors, an organization
certificate meeting the requirements of section 1753 of this title.
(Pub. L. 88-395, Sec. 1, Aug. 1, 1964, 78 Stat. 377; Pub. L. 91-206,
Sec. 3, Mar. 10, 1970, 84 Stat. 49; Pub. L. 95-630, title V, Sec. 501,
Nov. 10, 1978, 92 Stat. 3680.)
References in Text
The District of Columbia Credit Unions Act, referred to in text, was
repealed by Pub. L. 88-395, Sec. 4, Aug. 1, 1964, 78 Stat. 377.
Codification
Section was not enacted as part of the Federal Credit Union Act
which comprises this chapter.
Transfer of Functions
``National Credit Union Administration Board'' and ``Board''
substituted in text for ``Director of the Bureau of Federal Credit
Unions'' and ``Director'', respectively, pursuant to section 3 of Pub.
L. 91-206 and section 501 of Pub. L. 95-630 [12 U.S.C. 1752a] which
transferred functions of Bureau of Federal Credit Unions, and Director
thereof, to National Credit Union Administration and vested authority
for management of Administration in National Credit Union Administration
Board.
Repeals; Revocation of Organization Certificates Issued Under District
of Columbia Credit Unions Act
Section 4 of Pub. L. 88-395 provided that: ``Effective thirty days
after enactment of this Act [Aug. 1, 1964], the District of Columbia
Credit Unions Act (47 Stat. 326), as amended, is repealed and all
organization certificates issued thereunder and still in force are
revoked.''
Section Referred to in Other Sections
This section is referred to in section 1775 of this title.