Code of Federal Regulations · Section
§ 741.226 — Subordinated Debt
12 C.F.R. § 741.226
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Any credit union that is insured, or that makes application for insurance, pursuant to title II of the Act must follow the requirements of subpart D of part 702 of this chapter before it may issue Subordinated Debt, as that term is defined in § 702.402 of this chapter, and to the extent not inconsistent with applicable state law and regulation.
Authorizing Statute
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Interest and penalty on claims31 U.S.C. § 3717
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Powers12 U.S.C. § 1757