§747.3006. Conservatorship or liquidation of critically undercapitalized corporate credit union.
12 C.F.R. § 747.3006
Notwithstanding any other provision of this title, the NCUA may, without any administrative due process, immediately place into conservatorship or liquidation any corporate credit union that has been categorized as critically undercapitalized.
Notes, amendments, and revision history
Source
Source: 75 FR 64860, Oct. 20, 2010, unless otherwise noted.
Authority
Authority: 12 U.S.C. 1766, 1782, 1784, 1785, 1786, 1787, 1790a, 1790d; 15 U.S.C. 1639e; 42 U.S.C. 4012a; Pub. L. 101-410; Pub. L. 104-134; Pub. L. 109-351; Pub. L. 114-74.
Source
Source: 56 FR 37767, Aug. 8, 1991, unless otherwise noted.