12 CFR 708a.109 - Other regulatory oversight of methods and procedures of membership vote.

Regulations last checked for updates: Nov 26, 2024

Title 12 - Banks and Banking last revised: Nov 20, 2024

View all text of Subpart A [§ 708a.101 - § 708a.113]

§ 708a.109 - Other regulatory oversight of methods and procedures of membership vote.

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.

[71 FR 77167, Dec. 22, 2006. Redesignated at 75 FR 81386, Dec. 28, 2010]

authority: 12 U.S.C. 1766,1785,and

source: 71 FR 77167, Dec 22, 2006, unless otherwise noted.

cite as: 12 CFR 708a.109