[Code of Federal Regulations]
[Title 12, Volume 6]
[Revised as of January 1, 2001]
From the U.S. Government Printing Office via GPO Access
[CITE: 12CFR747.201]

[Page 551]
 
                       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 C--Local Rules and Procedures Applicable to Proceedings for the 
                Involuntary Termination of Insured Status
 
Sec. 747.201  Scope.


    Under the authority of section 206(b) of the Act (12 U.S.C. 
1786(b)), the NCUA Board may terminate the insured status of an insured 
credit union upon the grounds set forth therein and enumerated in 
Sec. 747.202. The procedure for terminating the insured status of an 
insured credit union as therein prescribed will be followed and hearings 
required thereunder will be conducted in accordance with the rules and 
procedures set forth in this subpart and subpart A of this part. To the 
extent any rule or procedure of subpart A is inconsistent with a rule or 
procedure prescribed in this subpart C, subpart C shall control.

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