12 U.S.C. § 1789a — Credit unions as depositaries of public money; fiscal agents; duties

FEDERAL · 12 U.S.C. · Chapter SUBCHAPTER II—SHARE INSURANCE

Credit unions as depositaries of public money; fiscal agents; duties

12 U.S.C. § 1789a

ChapterSUBCHAPTER II—SHARE INSURANCE

This text of 12 U.S.C. § 1789a (Credit unions as depositaries of public money; fiscal agents; duties) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

12 U.S.C. § 1789a.

Text

Any credit union the accounts of which are insured under this subchapter shall be a depositary of public money and may be employed as fiscal agent of the United States. The Secretary of the Treasury is authorized to deposit public money in any such insured credit union, and shall prescribe such regulations as may be necessary to enable such credit unions to become depositaries of public money and fiscal agents of the United States. Each credit union shall perform all such reasonable duties as depositaries of public money and fiscal agent of the United States as may be required of it including services in connection with the collection of taxes and other obligations owed the United States.

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Any credit union the accounts of which are insured under this subchapter shall be a depositary of public money and may be employed as fiscal agent of the United States. The Secretary of the Treasury is authorized to deposit public money in any such insured credit union, and shall prescribe such regulations as may be necessary to enable such credit unions to become depositaries of public money and fiscal agents of the United States. Each credit union shall perform all such reasonable duties as depositaries of public money and fiscal agent of the United States as may be required of it including services in connection with the collection of taxes and other obligations owed the United States.

Source Credit

History

(June 26, 1934, ch. 750, title II, §210, as added Pub. L. 95–147, §2(c)(1), Oct. 28, 1977, 91 Stat. 1227.)

Editorial Notes

Editorial Notes

Prior Provisions
A prior section 210 of act June 26, 1934, ch. 750, was renumbered section 211 and is classified to section 1790 of this title.

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Bluebook (online)

12 U.S.C. § 1789a, Counsel Stack Legal Research, https://law.counselstack.com/usc/12/1789a.