12 CFR 747.3006
§ 747.3006 Conservatorship or liquidation of critically undercapitalized corporate credit union.
United States · 12 CFR — Banks and Banking · Status: effective
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- Citation
- 12 CFR 747.3006, § 747.3006 Conservatorship or liquidation of critically undercapitalized corporate credit union, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/48929
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Full text
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.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.