GroundRules
12 CFR 708a.112: a.112 Voting incentives.
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
If a converting credit union offers an incentive to encourage members to participate in the vote, including a prize raffle, every reference to such incentive made by the credit union in a written communication to its members must also state that members are eligible for the incentive regardless of whether they vote for or against the proposed conversion.
Collected 2026-08-27T02:24:16Z. Source file · JSON