Conversion of District credit unions into federal credit unions — Approval; effect thereof

1. Law
2. District of Columbia Code
3. Banks and Other Financial Institutions
4. Credit Unions
5. General pre-2020
6. Conversion of District credit unions into federal credit unions — Approval; effect thereof

The Administrator shall approve any such organization certificate meeting such requirements. Upon such approval, the applicant credit union shall become a federal credit union, and shall be vested with all of the assets and shall continue responsible for all of the obligations of such applicant credit union to the same extent as though the conversion had not taken place.

(Aug. 1, 1964, 78 Stat. 377, Pub. L. 88-395, § 2.)

Prior Codifications

2001 Ed., § 26-502

1981 Ed., § 26-602.

1973 Ed., § 26-520.

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