12 U.S.C. § 1753
Title 12
Chapter 14
Current through PL 116-220
~1 min read
Last updated: March 30, 2026
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Sections in this chapter
- § 1
- § 1751
- § 1751a
- § 1752
- § 1752a
- § 1753
- § 1754
- § 1755
- § 1756
- § 1756a
- § 1757
- § 1757a
- § 1758
- § 1759
- § 1760
- § 1761
- § 1761a
- § 1761b
- § 1761c
- § 1761d
- § 1762
- § 1763
- § 1764
- § 1765
- § 1766
- § 1767
- § 1768
- § 1769
- § 1770
- § 1771
- § 1772
- § 1772a
- § 1772b
- § 1772c
- § 1772d
- § 1773
- § 1774
- § 1775
- § 1781
- § 1782
- § 1783
- § 1784
- § 1785
- § 1786
- § 1786a
- § 1787
- § 1788
- § 1789
- § 1789a
- § 1790
- § 1790a
- § 1790b
- § 1790c
- § 1790d
- § 1790e
- § 1795
- § 1795a
- § 1795b
- § 1795c
- § 1795d
- § 1795e
- § 1795f
- § 1795g
- § 1795h
- § 1795i
- § 1795j
- § 1795k
§ 1753. Federal credit union organization
Any seven or more natural persons who desire to form a Federal credit union shall each subscribe either individually or collectively before some officer competent to administer oaths an organization certificate in duplicate which shall specifically state:
- (1) the name of the association;
- (2) the location of the proposed Federal credit union and the territory in which it will operate;
- (3) the names and addresses of the subscribers to the certificate and the number of shares subscribed by each;
- (4) the initial par value of the shares;
- (5) the proposed field of membership, specified in detail;
- (6) the term of the existence of the corporation, which may be perpetual; and
- (7) the fact that the certificate is made to enable such persons to avail themselves of the advantages of this chapter.
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