§ 26-501. Conversion of District credit unions into federal credit unions -- Procedure.

Current through October 23, 2012

Any credit union organized under the District of Columbia Credit Unions Act (47 Stat. 326), as amended, may apply for conversion into a federal credit union by filing with the Administrator of the National Credit Union Administration (hereinafter referred to as the Administrator), pursuant to a resolution adopted by a majority of its directors, an organization certificate meeting the requirements of § 4 of the Federal Credit Union Act (§ 1753 of Title 12, United States Code), as amended.

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

HISTORICAL AND STATUTORY NOTES

Prior Codifications

1981 Ed., § 26-601.

1973 Ed., § 26-519.

References in Text

The "Director of the Bureau of Federal Credit Unions" formerly referred to in this section, was changed to "Administrator of the National Credit Union Administration" by §§ 1 to 3 of the Act of March 10, 1970, 84 Stat. 49.