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 M - ISSUANCE, REVIEW AND ENFORCEMENT OF ORDERS IMPOSING PROMPT CORRECTIVE ACTION ON CORPORATE CREDIT UNIONS
Section 747.3006 - Conservatorship or liquidation of critically undercapitalized corporate credit union

12 C.F.R. § 747.3006

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Current through May 31, 2024
Section 747.3006 - Conservatorship or liquidation of critically undercapitalized corporate credit union

Notwithstanding any other provision of this title, the NCUA may, without any administrative due process, immediately place into conservatorship or liquidation any corporate credit union that has been categorized as critically undercapitalized.

12 C.F.R. §747.3006