Legal Opinion
In re Conservatorship of United Independent Federal Credit Union, Charter No. 01603
District Court, E.D. New York
Decided June 26, 1991No. CV 90-4234 (ADS)PublishedCited by 2 opinions
1Opinion of the Court
MEMORANDUM AND ORDER
SPATT, District Judge.
By Order dated November 29, 1990, the National Credit Union Administration Board (the “NCUAB”) appointed itself conservator of the United Independent Federal Credit Union (the “Credit Union”), located in Valley Stream, New York, pursuant to 12 U.S.C. § 1786(h)(1) (“The Board may, ex parte without notice, appoint itself as conservator and immediately take possession and control of the business and assets of any insured credit union in any ease in which — ”).
On December 10, 1990, the Court signed an Order To Show Cause
“why the Court should not issue an…
2Cases cited3 opinions
- Commodity Futures Trading Commission v. American Commodity Group Corp., Willa M. OttCourt of Appeals for the Eleventh Circuit · 1984
- Washington Electric Cooperative, Inc. v. Massachusetts Municipal Wholesale Electric Co.Court of Appeals for the Second Circuit · 1990
- Federal Home Loan Bank Board v. HagueDistrict Court, W.D. Louisiana · 1987
3Cited by2 opinions
- United States v. Certain Funds on Deposit in Account No. 01-0-71417District Court, E.D. New York · 1991
- Heller v. CACL Federal Credit UnionDistrict Court, E.D. Pennsylvania · 1991