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U.S. Code as of:
01/19/04
Section 4311. Credit unions
(a) In general
No regulation prescribed by the Board 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 Board under this chapter, the National Credit Union
Administration Board shall prescribe a regulation substantially
similar to the regulation prescribed by the Board taking into
account the unique nature of credit unions and the limitations
under which they may pay dividends on member accounts.
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