12-U.S.C.-4311
§4311 – Credit Unions
Pathway
Title 12 > Chapter 44 > Section 4311
Details
- Reference: Section 4311
- Legend: §4311 – Credit Unions
- USCode Year: 2013
Provision Content
(a) In general
No regulation prescribed by the Bureau under this chapter shall apply directly with respect to any depository institution described in clause (iv) of section 461(b)(1)(A) of this title.
(b) Regulations prescribed by NCUA
Within 90 days of the effective date of any regulation prescribed by the Bureau under this chapter, the National Credit Union Administration Board shall prescribe a regulation substantially similar to the regulation prescribed by the Bureau taking into account the unique nature of credit unions and the limitations under which they may pay dividends on member accounts.
(Pub. L. 102–242, title II, §272, Dec. 19, 1991, 105 Stat. 2342; Pub. L. 102–550, title XVI, §1604(e)(2)(P), (Q), Oct. 28, 1992, 106 Stat. 4084; Pub. L. 111–203, title X, §1100B(1), (3), July 21, 2010, 124 Stat. 2109, 2110.)
Amendments
2010—Subsec. (a). Pub. L. 111–203, §1100B(1), substituted Bureau for Board.
Subsec. (b). Pub. L. 111–203, §1100B(3), substituted regulation prescribed by the Bureau for regulation prescribed by the Board in two places.
1992—Pub. L. 102–550 made technical amendment to references to this chapter wherever appearing to reflect correction of corresponding provision of original act.
Effective Date of 2010 Amendment
Amendment by Pub. L. 111–203 effective on the designated transfer date, see section 1100H of Pub. L. 111–203, set out as a note under section 552a of Title 5, Government Organization and Employees.
Effective Date of 1992 Amendment
Amendment by Pub. L. 102–550 effective as if included in the Federal Deposit Insurance Corporation Improvement Act of 1991, Pub. L. 102–242, as of Dec. 19, 1991, see section 1609(a) of Pub. L. 102–550, set out as a note under section 191 of this title.
U.S. Encyclopedia of Law Coverage
12-U.S.C.-4309 in the Legal Encyclopedia: Banking Law
In this entry about 12-U.S.C.-4309, find legal reference material, bibliographies and premiere content related to banking law in the American Encyclopedia of Law, presenting a comprehensive view of the United States banking law-specific issues, written by authorities in the field.
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