In order to simplify the organization of Federal credit unions the Board shall from time to time cause to be prepared a form of organization certificate and a form of bylaws, consistent with this chapter, which shall be used by Federal credit union incorporators, and shall be supplied to them on request. At the time of presenting the organization certificate the incorporators shall also submit proposed bylaws to the Board for its approval.
June 26, 1934, ch. 75048 Stat. 121961 Stat. 952June 29, 1948, ch. 71162 Stat. 1091Pub. L. 86–354, § 173 Stat. 631Pub. L. 91–206, § 2(1)84 Stat. 49Pub. L. 91–468, § 1(2)84 Stat. 994Pub. L. 95–630, title V, § 502(b)92 Stat. 3681(, title I, § 108, formerly § 8, ; 1947 Reorg. Plan No. 1, § 401, eff. , 12 F.R. 4534, ; , §§ 1, 2, ; renumbered § 9 and amended , , ; , , ; renumbered title I, § 108, , , ; amended , , .)
Editorial Notes
Amendments
Pub. L. 95–6301978— substituted “Board” for “Administrator” in two places, and “its approval” for “his approval”.
Pub. L. 91–2061970— substituted “Administrator” for “Director” in two places.
Pub. L. 86–3541959— substituted “from time to time” for “, upon the passage of this Act,”.
Statutory Notes and Related Subsidiaries
Effective Date of 1978 Amendment
Pub. L. 95–630section 509 of Pub. L. 95–630section 1752 of this titleAmendment by effective on expiration of 120 days after , and transitional provisions, see , set out as a note under .
Executive Documents
Transfer of Functions
section 1751 of this titleTransfer of functions of Farm Credit Administration and Governor thereof, generally, see notes set out under .
Functions of Governor of Farm Credit Administration under this section transferred to Federal Deposit Insurance Corporation by Reorg. Plan No. 1 of 1947.