FEDERAL · 12 U.S.C. · Chapter 14
Minors
Current through Pub. L. 119-99
Shares may be issued in the name of a minor or in trust, subject to such conditions as may be prescribed by the bylaws. When shares are issued in trust, the name of the beneficiary shall be disclosed to the Federal credit union.
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12 U.S.C. § 1765 (Minors) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Herbert v. National Credit Union Admin. Bd.
663 F. Supp. 833 (E.D. Missouri, 1987)
Source Credit
History
(June 26, 1934, ch. 750, title I, §119, formerly §15, 48 Stat. 1221; renumbered §20, and amended Pub. L. 86–354, §1, Sept. 22, 1959, 73 Stat. 634; renumbered title I, §119, Pub. L. 91–468, §1(2), Oct. 19, 1970, 84 Stat. 994.)
Editorial Notes
Editorial Notes
Amendments
1959—Pub. L. 86–354 substituted "When shares are issued in trust, the" for "The" in second sentence.
Amendments
1959—Pub. L. 86–354 substituted "When shares are issued in trust, the" for "The" in second sentence.