Florida Regulations 69U-110.063: Credit Unions Liquidation Certificate and Maintenance of Records
Current as of: 2024 | Check for updates
|
Other versions
(1) Upon completion of voluntary or involuntary liquidation proceedings of a credit union, the liquidator shall file with OFR a Certificate of Dissolution. The Certificate of Dissolution is Form OFR-U-69, (revised 3/2003), which is incorporated herein by reference and which may be obtained without cost by contacting OFR. OFR may then appoint a custodian of the books and records of the dissolved credit union. Books and records shall immediately thereafter be delivered to the custodian by the liquidator or the board of directors.
(2) OFR shall appoint as custodian the National Credit Union Administration to keep and maintain the books and records of such dissolved credit union.
(3) The custodian shall maintain such books and records in a safe and reasonable manner and as prescribed by Florida Statutes § 655.91 Such books and records shall not be destroyed without the prior written approval of OFR. OFR reserves the right to demand delivery of such books and records at any time.
Rulemaking Authority Florida Statutes § 655.012(2). Law Implemented 655.057, 657.062, 657.063, 657.064 FS. History-New 11-7-84, Formerly 3C-30.39, Amended 1-25-87, Formerly 3C-30.039, Amended 10-8-95, Formerly 3C-110.063, Amended 3-6-07, 6-28-21.
Terms Used In Florida Regulations 69U-110.063
- National Credit Union Administration: The federal regulatory agency that charters and supervises federal credit unions. (NCUA also administers the National Credit Union Share Insurance Fund, which insures the deposits of federal credit unions.) Source: OCC
(3) The custodian shall maintain such books and records in a safe and reasonable manner and as prescribed by Florida Statutes § 655.91 Such books and records shall not be destroyed without the prior written approval of OFR. OFR reserves the right to demand delivery of such books and records at any time.
Rulemaking Authority Florida Statutes § 655.012(2). Law Implemented 655.057, 657.062, 657.063, 657.064 FS. History-New 11-7-84, Formerly 3C-30.39, Amended 1-25-87, Formerly 3C-30.039, Amended 10-8-95, Formerly 3C-110.063, Amended 3-6-07, 6-28-21.