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Code · CFR · Title 12 — Banks and Banking · Part 747 — Administrative Actions, Adjudicative Hearings, Rules of Practice and Procedure, and Investigations · § 747.406

§ 747.406. Cancellation of charter.

42 words·~1 min read·/us/cfr/t12/s§ 747.406·

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Upon the completion of the liquidation and certification by the agent for the liquidating agent that the distribution of the assets of the Federal credit union has been completed, the NCUA Board shall cancel the charter of the Federal credit union concerned.
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