[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.9]



[Page 494]

 

                       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.9  Completion of conversion.



    (a) Upon receipt of approvals under Sec. 708a.7 and Sec. 708a.8 of 

this part, the credit union may complete the conversion transaction.

    (b) Upon notification by the board of directors of the mutual 

savings bank or mutual savings association that the conversion 

transaction has been completed, the NCUA will cancel the insurance 

certificate of the credit union and, if applicable, the charter of the 

federal credit union.



[63 FR 65535, Nov. 27, 1998, as amended at 64 FR 28735, May 27, 1999]