{"data":{"id":"us/12-cfr-708a.310","jurisdiction":"us","citation":"12 CFR 708a.310","heading":"a.310 Limits on compensation of officials.","body":"No director or senior management official of an insured credit union may receive any economic benefit in connection with the merger of a credit union other than reasonable compensation and other benefits paid in the ordinary course of business.","path":["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"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-12.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:16Z","sha256":"c00e026467194a5ae909df750f3d76bcc4f5e1122cd50c275cb09e42381ec7d7","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-708a.309","next":"us/12-cfr-708a.311"},"notice":"GroundRules: Original legal text. Not legal advice."}