Title 12, Banks and BankingRelease 119-110
§1772c Trust Fund
Title 12 › CHAPTER 14 — FEDERAL CREDIT UNIONS › SUBCHAPTER I — GENERAL PROVISIONS › § 1772c
Summary
Even if other laws say something different, all money the Board holds must be treated as trust funds under section 906(a)(2) of title 2. This rule starts with fiscal year 1986 and applies to every fiscal year after that.
Full Legal Text
Title 12, §1772c
Banks and Banking, Source: USLM XML via OLRC
Notwithstanding any other provision of law, all moneys of the Board shall be treated as trust funds for the purpose of section 906(a)(2) of title 2. This section is effective for fiscal year 1986 and every fiscal year thereafter.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
References in Text
section 906(a) of title 2, referred to in text, was amended generally by Pub. L. 101–508, title XIII, § 13101(d)(1), Nov. 5, 1990, 104 Stat. 1388–589, and subsequently repealed by Pub. L. 111–139, title I, § 10(a), Feb. 12, 2010, 124 Stat. 21. Provisions similar to those formerly appearing in section 906(a)(2) are now contained in section 906(k)(6) of Title 2, The Congress.
Reference
Citations & Metadata
Citation
12 U.S.C. § 1772c
Title 12, Banks and Banking
Last Updated
Sep 23, 2026
Release point: 119-110