Unimpaired capital and surplus means the total of shares, undivided earnings, and appropriated undivided earnings, net of any income or loss for the accounting period, and does not include the regular reserve or unrealized gains or losses for changes in market values of available-for-sale investments.
Unimpaired capital and surplus means the same as ‘‘paid-in and unimpaired capital and surplus,’’ as de- fined in paragraph (f) of this section.[36 FR 23794, Dec. 15, 1971; 37 FR 329, Jan. 11,1972, as amended at 37 FR 10342, May 20, 1972;45 FR 47121, July 14, 1980; 54 FR 48234, Nov. 22,1989; 54 FR 52015, Dec. 20, 1989; 55 FR 1794,Jan. 19, 1990; 57 FR 47985, Oct. 21, 1992; 58 FR40042, July 27, 1993; 65 FR 44966, July 20, 2000.Redesignated and amended at 66 FR 65624, Dec. 20, 2001; 73 FR 30477, May 28, 2008] PART 701—ORGANIZATION AND OPERATION OF FEDERAL CREDIT UNIONSSec.
More Definitions of Unimpaired capital and surplus
Unimpaired capital and surplus means the same as ‘‘paid-in and unimpaired capital and surplus,’’ as defined in paragraph (f) of this section.§ 701.1 Federal credit union chartering, field of membership modifications, and conversions. National Credit Union Administration policies concerning chartering, field of membership modifications, and conversions are set forth in Interpretive Ruling and Policy Statement 08-2, Chartering and Field of Member- ship Manual (IRPS 08-2) published as appendix B to this part. The Chartering and Field of Membership Manual also is available on-line at http://www.ncua.gov.NCUA’s in-house publication of the regulations does not include the Chartering and Field of Membership Manual as an appendix to this part. § 701.2 Federal Credit Union Bylaws (a) Federal credit unions must operate in accordance with their approved bylaws. The Federal Credit Union Bylaws are hereby published as Appendix A to Part 701 pursuant to 5 U.S.C. 552(a)(1) and accompanying regulations. Federal credit unions may adopt amendments to their bylaws as provided in the Bylaws, with the approval of the Board.(b) Copies of the Federal Credit Union Bylaws may be obtained at http://www.ncua.gov or by request addressed to ogcmail@ncua.gov or National Credit Union Administration, 1775 Duke Street, Alexandria, VA 22314.(c) The National Credit Union Administration may issue revisions or amendments of the Federal Credit Union Bylaws from time to time. An historic file of amendments or revisions is maintained and made available for inspection at the National Credit Union Administration, 1775 Duke Street, Alexandria, VA 22314. § 701.3 Member inspection of credit union books, records, and minutes. (a) Member inspection rights. A group of members of a federal credit union has the right, upon submission of a petition to the credit union as described in paragraph (b) of this section, to inspect and copy nonconfidential portions of the credit union’s: