[Code of Federal Regulations]

[Title 12, Volume 6]

[Revised as of January 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 12CFR708a.2]



[Page 491]

 

                       TITLE 12--BANKS AND BANKING

 

            CHAPTER VII--NATIONAL CREDIT UNION ADMINISTRATION

 

PART 708a_CONVERSION OF INSURED CREDIT UNIONS TO MUTUAL SAVINGS BANKS

--Table of Contents

 

Sec. 708a.2  Authority to convert.



    An insured credit union, with the approval of its members, may 

convert to a mutual savings bank or a savings association that is in 

mutual form without the prior approval of the NCUA, subject to 

applicable law governing mutual savings banks and savings associations 

and the other requirements of this part.