{"data":{"id":"us/12-u.s.c.-1774","jurisdiction":"us","citation":"12 U.S.C. § 1774","heading":"Approval of certificate; assets and obligations of applicant credit union","body":"The Board shall approve any such organization certificate meeting such requirements. Upon such approval, the applicant credit union shall become a Federal credit union, and shall be vested with all of the assets and shall continue responsible for all of the obligations of such applicant credit union to the same extent as though the conversion had not taken place.","path":["Title 12—BANKS AND BANKING","CHAPTER 14—FEDERAL CREDIT UNIONS"],"source_url":"https://uscode.house.gov/download/releasepoints/us/pl/119/103/xml_usc12@119-103.zip","current_through":"Public Law 119-103 (09/02/2026)","vintage":"","retrieved_at":"2026-09-10T05:56:24Z","sha256":"a283f6103b345a0317487773eaf84244ad901bdc4e44907f18551f50367ae446","source_id":"us","stale":false,"prev":"us/12-u.s.c.-1773","next":"us/12-u.s.c.-1775"},"notice":"GroundRules: Original legal text. Not legal advice."}