12 U.S.C. § 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.
Notes of Decisions
Cited in 1
case, 1987–1987 · leading case: Herbert v. Nat'l Credit Union Admin. Bd., 663 F. Supp. 833 (E.D. Mo. 1987).
Herbert v. Nat'l Credit Union Admin. Bd., 663 F. Supp. 833 (E.D. Mo. 1987). “By letter dated September 26, 1983, the NCUAB informed Zionic's attorney that, pursuant to Section 119 of the Federal Credit Union Act, 12 U.S.C. § 1765 , Zionic could "issue shares in trust subject to the conditions prescribed in" Zionic's by-laws.”
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