GroundRules
12 CFR 708a.109: a.109 Other regulatory oversight of methods and procedures of membership vote.
Where this section sits in the code
- Title 12—Banks and Banking
- CHAPTER VII—NATIONAL CREDIT UNION ADMINISTRATION
- SUBCHAPTER A—REGULATIONS AFFECTING CREDIT UNIONS
- PART 708a—BANK CONVERSIONS AND MERGERS
- Subpart A—Conversion of Insured Credit Unions to Mutual Savings Banks
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.
Collected 2026-08-27T02:24:16Z. Source file · JSON