12 CFR 701.35 - Share, share draft, and share certificate accounts.

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There are 15 Updates appearing in the Federal Register for 12 CFR Part 701. View below or at eCFR (GPOAccess)
§ 701.35 Share, share draft, and share certificate accounts.
(a) Federal credit unions may offer share, share draft, and share certificate accounts in accordance withsection 107(6) of the Act (12 U.S.C. 1757(6)) and the board of directors may declare dividends on such accounts as provided in section 117 of the Act (12 U.S.C. 1763).
(b) A Federal credit union shall accurately represent the terms and conditions of its share, share draft, and share certificate accounts in all advertising, disclosures, or agreements, whether written or oral
(c) A Federal credit union may, consistent with this section,parts 707 and 740 of this subchapter, other federal law, and its contractual obligations, determine the types of fees or charges and other matters affecting the opening, maintaining and closing of a share, share draft or share certificate account. State laws regulating such activities are not applicable to federal credit unions.
(d) For purposes of this section, “state law” means the constitution, statutes, regulations, and judicial decisions of any state, the District of Columbia, the several territories and possessions of the United States, and the Commonwealth of Puerto Rico.
[47 FR 17979, Apr. 27, 1982, as amended at 50 FR 4637, Feb. 1, 1985; 59 FR 50445, Sept. 27, 1993]

Title 12 published on .

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

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  • 2015-05-06; vol. 80 # 87 - Wednesday, May 6, 2015
    1. 80 FR 25924 - Chartering and Field of Membership Manual
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      Final rule.
      This rule is effective July 6, 2015.
      12 CFR Part 701

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United States Code
U.S. Code: Title 12 - BANKS AND BANKING
U.S. Code: Title 15 - COMMERCE AND TRADE

Title 12 published on 2015-01-01

The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 12 CFR Part 701 after this date.

  • 2015-07-01; vol. 80 # 126 - Wednesday, July 1, 2015
    1. 80 FR 37898 - Member Business Loans; Commercial Lending
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      Proposed rule.
      Comments must be received on or before August 31, 2015.
      12 CFR Parts 701, 723, and 741