12 CFR § 747.3006 - Conservatorship or liquidation of critically undercapitalized corporate credit union.

---
identifier: "/us/cfr/t12/s747.3006"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 747.3006 - Conservatorship or liquidation of critically undercapitalized corporate credit union."
title_number: 12
title_name: "Banks and Banking"
section_number: "747.3006"
section_name: "Conservatorship or liquidation of critically undercapitalized corporate credit union."
chapter_name: "NATIONAL CREDIT UNION ADMINISTRATION"
subchapter_number: "A"
subchapter_name: "REGULATIONS AFFECTING CREDIT UNIONS"
part_number: "747"
part_name: "ADMINISTRATIVE ACTIONS, ADJUDICATIVE HEARINGS, RULES OF PRACTICE AND PROCEDURE, AND INVESTIGATIONS"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 1766, 1782, 1784, 1785, 1786, 1787, 1790a, 1790d; 15 U.S.C. 1639e; 42 U.S.C. 4012a; Pub. L. 101-410; Pub. L. 104-134; Pub. L. 109-351; Pub. L. 114-74."
regulatory_source: "56 FR 37767, Aug. 8, 1991, unless otherwise noted."
cfr_part: "747"
---


# 747.3006 Conservatorship or liquidation of critically undercapitalized corporate credit union.

Notwithstanding any other provision of this title, the NCUA may, without any administrative due process, immediately place into conservatorship or liquidation any corporate credit union that has been categorized as critically undercapitalized.