Statutes, codes, and regulations
Code of Federal Regulations
Title 12 - BANKS AND BANKINGChapter VII - NATIONAL CREDIT UNION ADMINISTRATIONSubchapter A - REGULATIONS AFFECTING CREDIT UNIONSPart 708a - BANK CONVERSIONS AND MERGERS
Subpart A - CONVERSION OF INSURED CREDIT UNIONS TO MUTUAL SAVINGS BANKS
Section 708a.109 - Other regulatory oversight of methods and procedures of membership vote

12 C.F.R. § 708a.109

Download
PDF
Current through November 30, 2024
Section 708a.109 - Other regulatory oversight of methods and procedures of membership vote

The federal or state regulatory agency that will have jurisdiction over the financial institution after conversion must verify the membership vote and may direct that a new vote be taken, if it disapproves of the methods by which the membership vote was taken or the procedures applicable to the membership vote.

12 C.F.R. §708a.109

71 FR 77167 , Dec. 22, 2006. Redesignated at 75 FR 81386 , Dec. 28, 2010