GroundRules
12 CFR 708a.307: a.307 Certification of vote on merger proposal.
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 C—Merger of Insured Credit Unions Into Banks
(a) The board of directors of the merging credit union must certify the results of the membership vote to the Regional Director within 14 calendar days after the vote is taken.
(b) The certification must also include a statement that the notice, ballot, and other written materials provided to members were identical to those submitted to NCUA pursuant to § 708a.305. If the board cannot certify this, the board must provide copies of any new or revised materials and an explanation of the reasons for any changes.
(c) The certification must include copies of any correspondence between the credit union and other regulators related to the pending merger.
Collected 2026-08-27T02:24:16Z. Source file · JSON