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1995 U.S. Code
Title 12 - BANKS AND BANKING
CHAPTER 14 - FEDERAL CREDIT UNIONS
SUBCHAPTER I - GENERAL PROVISIONS
Sec. 1765 - Minors
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§1765. Minors
§1765. Minors
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.
(June 26, 1934, ch. 750, title I, §119, formerly §15, 48 Stat. 1221; renumbered §20, and amended Sept. 22, 1959, Pub. L. 86–354, §1, 73 Stat. 634; renumbered title I, §119, Oct. 19, 1970, Pub. L. 91–468, §1(2), 84 Stat. 994.)
Amendments1959—Pub. L. 86–354 substituted “When shares are issued in trust, the” for “The” in second sentence.
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