Minnesota § 52.202 - DIRECTORS MAY EXECUTE CERTIFICATES
Full text of Minnesota Minnesota Statutes § 52.202 — DIRECTORS MAY EXECUTE CERTIFICATES, with citation guidance and answers to common questions.
§ 52.202. DIRECTORS MAY EXECUTE CERTIFICATES
When any state credit union authorized to dissolve has taken the necessary steps for that purpose, pursuant to section 52.20, excepting the necessity for the appointment of a liquidating committee and filing a bond, the number of its members required by federal law may execute a certificate of incorporation under the provisions of the Federal Credit Union Act, which federal credit union shall be regarded as continuing the existence of the state credit union. Upon approval of the conversion by the federal regulatory agency and upon recording of such certificates as required by law the state credit union shall be fully dissolved. Any officer of the state credit union, or member of supervisory and credit committees, elected to a corresponding office in the federal credit union shall be regarded as holding over such office from the state credit union to the federal credit union.
History:
1941 c 510 s 2; 1961 c 331 s 11
Official Publication of the State of Minnesota
Revisor of Statutes
Frequently Asked Questions About Minnesota § 52.202
What does Minnesota Statutes § 52.202 cover?
Section 52.202 ("DIRECTORS MAY EXECUTE CERTIFICATES") is part of the Minnesota Statutes, the codified statutory law of Minnesota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Minnesota § 52.202?
A common citation format is "Minnesota Statutes § 52.202" (Minnesota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Minnesota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Minnesota official source linked on this page or consult a licensed Minnesota attorney.
How does Minnesota § 52.202 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Minnesota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Minnesota.