Statutes, codes, and regulations
Code of Federal Regulations
Title 12 - BANKS AND BANKINGChapter VII - NATIONAL CREDIT UNION ADMINISTRATIONSubchapter A - REGULATIONS AFFECTING CREDIT UNIONSPart 747 - ADMINISTRATIVE ACTIONS, ADJUDICATIVE HEARINGS, RULES OF PRACTICE AND PROCEDURE, AND INVESTIGATIONS
Subpart E - LOCAL RULES AND PROCEDURES APPLICABLE TO PROCEEDINGS RELATING TO THE SUSPENSION OR REVOCATION OF CHARTERS AND TO INVOLUNTARY LIQUIDATIONS UNDER TITLE I
Section 747.406 - Cancellation of charter

12 C.F.R. § 747.406

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Current through May 31, 2024
Section 747.406 - Cancellation of charter

Upon the completion of the liquidation and certification by the agent for the liquidating agent that the distribution of the assets of the Federal credit union has been completed, the NCUA Board shall cancel the charter of the Federal credit union concerned.

12 C.F.R. §747.406