Page:United States Statutes at Large Volume 91.djvu/87

 PUBLIC LAW 95-22—APR. 19, 1977 SEC. 309. The third sentence of section 113 of the Federal Credit Union Act (12 U.S.C. 1761b) is amended by striking out "that may be held by an individual" and inserting in lieu thereof "and share certificates and the classes of shares and share certificates that may be held", and by striking out "and the maximum amount which may be loaned with or without security to any member" and inserting in lieu thereof ", the security, and the maximum amount which may be loaned or provided in lines of credit". SEC. 310. Section 117 of the Federal Credit Union Act (12 U.S.C. 1763) is amended to read as follows:

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"DIVIDENDS

"SEC. 117. At such intervals as the board of directors may authorize, and after provision for required reserves, the board may declare, pursuant to such regulations as may be issued by the Administrator, a dividend to be paid at different rates on different types of shares and at different rates and maturity dates in the case of share certificates. Dividend credit may be accrued on various types of shares and share certificates as authorized by the board of directors.". Approved April 19, 1977.

LEGISLATIVE HISTORY: HOUSE REPORTS: No. 95-23 (Comm. on Banking, Finance and Urban Affairs) and No. 95-160 (Comm. of Conference). SENATE REPORT No. 95-33 accompanying S. 756 (Comm. on Banking, Housing, and Urban Affairs). CONGRESSIONAL RECORD, Vol. 123 (1977): Mar. 1, considered and passed House; considered and passed Senate, amended, in lieu of S. 756. Apr. 4, Senate agreed to conference report. Apr. 5, House agreed to conference report. WEEKLY COMPILATION OF PRESIDENTIAL DOCUMENTS, Vol. 13, No. 17: Apr. 19, Presidential statement.

91 STAT. 53 Board of directors.

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