12 U.S. Code § 4311 - Credit unions
(a) In general
(b) Regulations prescribed by NCUA
Within 90 days of the effective date of any regulation prescribed by the Bureau under this chapter, the National Credit Union Administration Board shall prescribe a regulation substantially similar to the regulation prescribed by the Bureau taking into account the unique nature of credit unions and the limitations under which they may pay dividends on member accounts.
Source(Pub. L. 102–242, title II, § 272,Dec. 19, 1991, 105 Stat. 2342; Pub. L. 102–550, title XVI, § 1604(e)(2)(P), (Q),Oct. 28, 1992, 106 Stat. 4084; Pub. L. 111–203, title X, § 1100B(1), (3),July 21, 2010, 124 Stat. 2109, 2110.)
2010—Subsec. (a). Pub. L. 111–203, § 1100B(1), substituted “Bureau” for “Board”.
Subsec. (b). Pub. L. 111–203, § 1100B(3), substituted “regulation prescribed by the Bureau” for “regulation prescribed by the Board” in two places.
1992—Pub. L. 102–550made technical amendment to references to “this chapter” wherever appearing to reflect correction of corresponding provision of original act.
Effective Date of 2010 Amendment
Amendment by Pub. L. 111–203effective on the designated transfer date, see section 1100H ofPub. L. 111–203, set out as a note under section 552a of Title 5, Government Organization and Employees.
Effective Date of 1992 Amendment
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