12 U.S. Code § 1758 - Bylaws

In order to simplify the organization of Federal credit unions the Board shall from time to time cause to be prepared a form of organization certificate and a form of bylaws, consistent with this chapter, which shall be used by Federal credit union incorporators, and shall be supplied to them on request. At the time of presenting the organization certificate the incorporators shall also submit proposed bylaws to the Board for its approval.

Source

(June 26, 1934, ch. 750, title I, § 108, formerly § 8,48 Stat. 1219; 1947 Reorg. Plan No. 1, § 401, eff. July 1, 1947, 12 F.R. 4534, 61 Stat. 952; June 29, 1948, ch. 711, §§ 1, 2,62 Stat. 1091; renumbered § 9 and amended Pub. L. 86–354, § 1,Sept. 22, 1959, 73 Stat. 631; Pub. L. 91–206, § 2(1),Mar. 10, 1970, 84 Stat. 49; renumbered title I, § 108,Pub. L. 91–468, § 1(2),Oct. 19, 1970, 84 Stat. 994; amended Pub. L. 95–630, title V, § 502(b),Nov. 10, 1978, 92 Stat. 3681.)
Amendments

1978—Pub. L. 95–630substituted “Board” for “Administrator” in two places, and “its approval” for “his approval”.
1970—Pub. L. 91–206substituted “Administrator” for “Director” in two places.
1959—Pub. L. 86–354substituted “from time to time” for “, upon the passage of this Act,”.
Effective Date of 1978 Amendment

Amendment by Pub. L. 95–630effective on expiration of 120 days after Nov. 10, 1978, and transitional provisions, see section 509 ofPub. L. 95–630, set out as a note under section 1752 of this title.
Transfer of Functions

Transfer of functions of Farm Credit Administration and Governor thereof, generally, see notes set out under section 1751 of this title.
Functions of Governor of Farm Credit Administration under this section transferred to Federal Deposit Insurance Corporation by Reorg. Plan No. 1 of 1947.

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12 CFR - Banks and Banking

12 CFR Part 701 - ORGANIZATION AND OPERATION OF FEDERAL CREDIT UNIONS

 

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