[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: 12CFR747.401]



[Page 653]

 

                       TITLE 12--BANKS AND BANKING

 

            CHAPTER VII--NATIONAL CREDIT UNION ADMINISTRATION

 

PART 747_ADMINISTRATIVE ACTIONS, ADJUDICATIVE HEARINGS, RULES OF 

PRACTICE AND PROCEDURE, AND INVESTIGATIONS--Table of Contents

 

Subpart E_Local Rules and Procedures Applicable to Proceedings Relating 

     to the Suspension or Revocation of Charters and to Involuntary 

                       Liquidations Under Title I

 

Sec. 747.401  Scope.





    The rules and procedures set forth in this subpart and subpart A of 

this part are applicable to proceedings by the NCUA Board pursuant to 

section 120(b)(1) of the Act (12 U.S.C. 1766(b)(1)) to suspend or revoke 

the charter of a solvent Federal credit union, and to place a solvent 

Federal credit union into involuntary liquidation. To the extent a rule 

or procedure set forth in subpart A of this part is inconsistent with a 

rule or procedure set forth in this subpart E, subpart E shall control.



[56 FR 37767, Aug. 8, 1991; 57 FR 523, Jan. 7, 1992]