1. Regulations
  2. title 12
  3. chapter VII
  4. part 747
  5. subpart M
  6. § 747.3006

View all text of Subpart M [§ 747.3001 - § 747.3006]

§ 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.

AUTHORITY: 12 U.S.C. 1766, 1782, 1784, 1785, 1786, 1787, 1790a, 1790d; 15 U.S.C. 1639e; 42 U.S.C. 4012a; Pub. L. 101-410; Pub. L. 104-134; Pub. L. 109-351; Pub. L. 114-74.

SOURCE: 56 FR 37767, Aug. 8, 1991, unless otherwise noted.

CITE AS: 12 CFR 747.3006