12 U.S.C. § 1765
Section 1765 · Minors
Amended 3 times on record
Applied in 1 court decisions — leading case Herbert v. National Credit Union Admin. Bd. (1987)
Most recently applied in Herbert v. National Credit Union Admin. Bd. (June 1987)
Shares may be issued in the name of a minor or in trust, subject to such conditions as may be prescribed by the bylaws. When shares are issued in trust, the name of the beneficiary shall be disclosed to the Federal credit union.
Editorial notes U.S. Code · Office of the Law Revision Counsel
Amendments
1959—Pub. L. 86–354 substituted “When shares are issued in trust, the” for “The” in second sentence.