# 12 CFR § 745.6: Accounts held by a corporation, partnership, or unincorporated association

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-12-745.6

## Section

- **Citation:** 12 CFR § 745.6
- **Heading:** Accounts held by a corporation, partnership, or unincorporated association
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** September 22, 2026
- **Source:** Publisher's official text
- **Location:** Title 12—Banks and Banking > CHAPTER VII—NATIONAL CREDIT UNION ADMINISTRATION > SUBCHAPTER A—REGULATIONS AFFECTING CREDIT UNIONS > PART 745—SHARE INSURANCE AND APPENDIX > Subpart A—Clarification and Definition of Account Insurance Coverage

## Text

Accounts of a corporation, partnership, or unincorporated association engaged in any independent activity shall be insured up to the SMSIA in the aggregate. The account of a corporation, partnership, or unincorporated association not engaged in an independent activity shall be deemed to be owned by the person or persons owning such corporation or comprising such partnership or unincorporated association and, for account insurance purposes, the interest of each person in such an account shall be added to any other account individually owned by such person and insured up to the SMSIA in the aggregate. For purposes of this section, “independent activity” means an activity other than one directed solely at increasing insurance coverage.
[51 FR 37560, Oct. 23, 1986, as amended at 71 FR 14635, Mar. 23, 2006]

## Nearby sections

- [12 CFR § 745.0 § 745.0 Scope.](https://www.frixlaw.com/law-library/statutes/ecfr-12-745.0.md)
- [12 CFR § 745.1 § 745.1 Definitions.](https://www.frixlaw.com/law-library/statutes/ecfr-12-745.1.md)
- [12 CFR § 745.2 § 745.2 General principles applicable in determining insurance of accounts.](https://www.frixlaw.com/law-library/statutes/ecfr-12-745.2.md)
- [12 CFR § 745.3 § 745.3 Single ownership accounts.](https://www.frixlaw.com/law-library/statutes/ecfr-12-745.3.md)
- [12 CFR § 745.4 § 745.4 Revocable trust accounts.](https://www.frixlaw.com/law-library/statutes/ecfr-12-745.4.md)
- [12 CFR § 745.5 § 745.5 Accounts held by executors or administrators.](https://www.frixlaw.com/law-library/statutes/ecfr-12-745.5.md)
- [12 CFR § 745.6 § 745.6 Accounts held by a corporation, partnership, or unincorporated association.](https://www.frixlaw.com/law-library/statutes/ecfr-12-745.6.md)
- [12 CFR § 745.7 § 745.7 Shares accepted in a foreign currency.](https://www.frixlaw.com/law-library/statutes/ecfr-12-745.7.md)
- [12 CFR § 745.8 § 745.8 Joint ownership accounts.](https://www.frixlaw.com/law-library/statutes/ecfr-12-745.8.md)
- [12 CFR § 745.9-1 § 745.9-1 Trust accounts.](https://www.frixlaw.com/law-library/statutes/ecfr-12-745.9-1.md)
- [12 CFR § 745.9-2 § 745.9-2 Retirement and other employee benefit plan accounts.](https://www.frixlaw.com/law-library/statutes/ecfr-12-745.9-2.md)
- [12 CFR § 745.10 § 745.10 Accounts held by government depositors.](https://www.frixlaw.com/law-library/statutes/ecfr-12-745.10.md)
- [12 CFR § 745.11 § 745.11 Accounts evidenced by negotiable instruments.](https://www.frixlaw.com/law-library/statutes/ecfr-12-745.11.md)
- [12 CFR § 745.12 § 745.12 Account obligations for payment of items forwarded for collection by depository institution acting as agent.](https://www.frixlaw.com/law-library/statutes/ecfr-12-745.12.md)

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-12-745.6. Check the current official text before relying on it. Not legal advice.