§ 741.212. Share insurance.
87 words·~1 min read·
/us/cfr/t12/s§ 741.212·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Member share accounts received by any credit union which is insured pursuant to title II of the Act in its usual course of business, including regular shares, share certificates, and share draft accounts, are insured subject to the limitations and rules in subpart A of part 745 of this chapter.
(b)The payment of share insurance and the appeal process applicable to any credit union which is insured pursuant to title II of the Act are addressed in subpart B of part 745 of this chapter.