Title 12 — Banks and BankingRelease 119-73not60
§1765 Minors
Title 12 › Chapter 14— FEDERAL CREDIT UNIONS › Subchapter I— GENERAL PROVISIONS › § 1765
Summary
A federal credit union can put shares in a minor’s name or keep them in a trust under its bylaws, and if the shares are held in trust the credit union must be given the beneficiary’s name.
Full Legal Text
Title 12, §1765
Banks and Banking — Source: USLM XML via OLRC
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.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Amendments
1959—Pub. L. 86–354 substituted “When shares are issued in trust, the” for “The” in second sentence.
Reference
Citations & Metadata
Citation
12 U.S.C. § 1765
Title 12 — Banks and Banking
Last Updated
Apr 3, 2026
Release point: 119-73not60