Fiduciary Duties at Federal Credit Unions - Mergers and Conversions of Insured Credit Unions (US National Credit Union Administration Regulation) (NCUA) (2018 Edition‪)‬

The Law Library presents the complete text of the Fiduciary Duties at Federal Credit Unions - Mergers and Conversions of Insured Credit Unions (US National Credit Union Administration Regulation) (NCUA) (2018 Edition).
Updated as of May 29, 2018

NCUA is issuing final amendments to its regulations covering several related subjects. The final rule documents and clarifies the fiduciary duties and responsibilities of Federal credit union (FCU) directors. The final rule amends NCUA's indemnification regulation limiting indemnification of FCU officials and employees for liability arising from improper decisions that affect the fundamental rights of credit union members, and makes conforming changes to the standard FCU and corporate credit union bylaws. In addition, the final rule adds new provisions establishing the procedures for insured credit unions merging into banks. The final rule also amends some of NCUA's existing regulatory procedures applicable to insured credit union mergers with other credit unions, conversions to mutual savings banks (MSBs), and termination of share insurance.

This ebook contains:
- The complete text of the Fiduciary Duties at Federal Credit Unions - Mergers and Conversions of Insured Credit Unions (US National Credit Union Administration Regulation) (NCUA) (2018 Edition)
- A dynamic table of content linking to each section
- A table of contents in introduction presenting a general overview of the structure