Section 1301 - Dissolution Authorized
Any credit union may elect to dissolve voluntarily and wind up its affairs in the manner provided in this chapter. However, if it shall...
Section 1302 - Approval Of Voluntary Dissolution
(a) General rule.--The procedure for voluntary dissolution shall be as follows: (1) A plan of dissolution, setting forth in detail the number of liquidating...
Section 1303 - Dissolution Proceedings
(a) Collection and distribution of assets.--The liquidating trustee or trustees shall proceed in the manner provided by the department to gather the assets, determine...
Section 1304 - Department Supervision
The department shall continue to supervise the credit union, in the hands of the liquidating trustee or trustees, until the liquidation is complete and...
Section 1305 - Articles Of Dissolution
(a) General rule.--When, in the opinion of the department, the liquidation of a credit union is complete and its affairs are fully settled, the...
Section 1306 - Involuntary Dissolution
(a) Issuance of certificate of dissolution by department.-- In the event the department finds, after issuing written notice of a hearing and an opportunity...