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12 U.S.C. § 1774

Title 12 Chapter 14 Current through PL 118-3 Last updated: March 29, 2026 View on OLRC →
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§ 1774. Approval of certificate; assets and obligations of applicant credit union

The Board shall approve any such organization certificate meeting such requirements. Upon such approval, the applicant credit union shall become a Federal credit union, and shall be vested with all of the assets and shall continue responsible for all of the obligations of such applicant credit union to the same extent as though the conversion had not taken place.

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