Regulations last checked for updates: Nov 26, 2024

Title 12 - Banks and Banking last revised: Nov 20, 2024
§ 708a.310 - Limits on compensation of officials.

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.

authority: 12 U.S.C. 1766,1785,and
source: 71 FR 77167, Dec 22, 2006, unless otherwise noted.
cite as: 12 CFR 708a.310