Minors

  1. Law
  2. USC 12
  3. Banks And Banking
  4. FEDERAL CREDIT UNIONS
  5. GENERAL PROVISIONS
  6. Minors

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§1765. Minors

Shares may be issued in the name of a minor or in trust, subject to such conditions as may be prescribed by the bylaws. When shares are issued in trust, the name of the beneficiary shall be disclosed to the Federal credit union.

(June 26, 1934, ch. 750, title I, §119, formerly §15, 48 Stat. 1221 ; renumbered §20, and amended Pub. L. 86–354, §1, Sept. 22, 1959, 73 Stat. 634 ; renumbered title I, §119, Pub. L. 91–468, §1(2), Oct. 19, 1970, 84 Stat. 994 .)

Amendments

1959-Pub. L. 86–354 substituted "When shares are issued in trust, the" for "The" in second sentence.


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