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CFR › Title 12 › Chapter VII › Subchapter A › Part 709 › Section 709.2

12 CFR 709.2 - NCUA Board as liquidating agent.

There is 1 rule appearing in the Federal Register for 12 CFR 709. Select the tab below to view, or View eCFR (GPOAccess)
§ 709.2
NCUA Board as liquidating agent.
(a) The Board, as liquidating agent, by operation of law and without any conveyance or other instrument, act or deed, shall succeed to all the rights, titles, powers, and privileges of the credit union, and of its shareholders, officers, and directors, with respect to the credit union and its assets, and such shareholders, officers, or directors, shall not thereafter have or exercise any such rights, powers, or privileges or act in connection with any assets or property of any nature of the credit union.
(b) The Board, as liquidating agent, shall take possession of and title to books, records, and assets of every description of such credit union to which such credit union has rights of possession and title to all offices and other facilities of such credit union.

Title 12 published on 2012-01-01

The following are only the Rules published in the Federal Register after the published date of Title 12.

For a complete list of all Rules, Proposed Rules, and Notices view the Rulemaking tab.

  • 2012-12-13; vol. 77 # 240 - Thursday, December 13, 2012
    1. 77 FR 74103 - Alternatives to the Use of Credit Ratings
      GPO FDSys XML | Text
      NATIONAL CREDIT UNION ADMINISTRATION
      Final rule.
      This rule is effective June 11, 2013.
      12 CFR Parts 703, 704, 709, and 741

This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.

This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].

It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.

United States Code
USC : Title 12 - BANKS AND BANKING

§ 1757 - Powers

§ 1766 - Powers of Board

§ 1767 - Fiscal agents and depositories; authorization to secure deposits by governmental bodies

§ 1786 - Termination of insured credit union status; cease and desist orders; removal or suspension from office; procedure

§ 1787 - Payment of insurance

§ 1788 - Special assistance to avoid liquidation

§ 1789 - Administrative provisions

§ 1789a - Credit unions as depositaries of public money; fiscal agents; duties

Title 12 published on 2012-01-01

The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 12 CFR 709 after this date.

  • 2012-12-13; vol. 77 # 240 - Thursday, December 13, 2012
    1. 77 FR 74103 - Alternatives to the Use of Credit Ratings
      GPO FDSys XML | Text
      NATIONAL CREDIT UNION ADMINISTRATION
      Final rule.
      This rule is effective June 11, 2013.
      12 CFR Parts 703, 704, 709, and 741