---
kind: "section"
citation: "12 C.F.R. § 747.3006"
title: "12"
number: "747.3006"
heading: "Conservatorship or liquidation of critically undercapitalized corporate credit union."
url: "https://uscodex.org/cfr/12/747.3006"
---

# §747.3006. Conservatorship or liquidation of critically undercapitalized corporate credit union.


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

### 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.