District of Columbia Statutes
§ 26-522 — Conversion of District credit unions into federal credit unions — Approval; effect thereof.
District of Columbia·Title 26 Banks and Other Financial Institutions.·Ch. 5 Credit Unions.·Subch. II General pre-2020.
The Administrator shall approve any such organization certificate meeting such requirements. Upon such approval, the applicant credit union shall become a federal credit union, and shall be vested with all of the assets and shall continue responsible for all of the obligations of such applicant credit union to the same extent as though the conversion had not taken place.
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District of Columbia § 26-522 (Conversion of District credit unions into federal credit unions — Approval; effect thereof.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Aug. 1, 1964, 78 Stat. 377, Pub. L. 88-395, § 2
Nearby Sections
15
§ 26-1001
Definitions.§ 26-1002
License required.§ 26-1003
Exemptions.§ 26-1004
License qualifications.§ 26-1006
License application.§ 26-1007
Bond or other security device.§ 26-1008
Application fee.§ 26-1009
Issuance of license.§ 26-1011
Special reporting requirements.§ 26-1012
Changes in control of a licensee.§ 26-1013
Examinations.§ 26-1014
Maintenance of records.