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§ 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repealed by Pub.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Credit Unions Act (47 Stat. 326), as amended, is repealed and all 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.



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