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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 12 - Banks and Banking |
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Chapter VII - National Credit Union Administration |
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SubChapter A - Regulations Affecting Credit Unions |
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Part 747 - Administrative Actions, Adjudicative Hearings, Rules of Practice and Procedure, and Investigations |
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Subpart D - Local Rules and Procedures Applicable to Suspensions and Prohibitions Where Felony Charged |
§ 747.305 - Effectiveness of suspension or removal until completion of hearing.
Latest version.
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§ 747.305 Effectiveness of suspension or removal until completion of hearing.
Any notice of suspension or prohibition issued under § 747.303 and any order of removal or prohibition issued under § 747.304 will be effective upon service on the concerned party and will remain effective and outstanding until the completion of any hearing or appeal authorized under section 206(i) of the Act (12 U.S.C. 1786(i)) and this subpart, unless such notice of suspension or order of removal is terminated by the NCUA Board.
[56 FR 37767, Aug. 8, 1991; 57 FR 523, Jan. 7, 1992]