GroundRules
12 CFR 708a.111: a.111 Limit on compensation of officials.
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
No director or senior management official of an insured credit union may receive any economic benefit in connection with the conversion of a credit union other than compensation and other benefits paid to directors or senior management officials of the converted institution in the ordinary course of business.
Collected 2026-08-27T02:24:16Z. Source file · JSON