§ 747.201. Scope.
117 words·~1 min read·
/us/cfr/t12/s§ 747.201·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Under the authority of section 206(b) of the Act (12 U.S.C. 1786(b)), the NCUA Board may terminate the insured status of an insured credit union upon the grounds set forth therein and enumerated in § 747.202. The procedure for terminating the insured status of an insured credit union as therein prescribed will be followed and hearings required thereunder will be conducted in accordance with the rules and procedures set forth in this subpart and subpart A of this part. To the extent any rule or procedure of subpart A is inconsistent with a rule or procedure prescribed in this subpart C, subpart C shall control. [56 FR 37767, Aug. 8, 1991; 57 FR 523, Jan. 7, 1992]