Regulations last checked for updates: Nov 26, 2024

Title 12 - Banks and Banking last revised: Nov 20, 2024
§ 708a.311 - Voting incentives.

If a merging 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 merger.

authority: 12 U.S.C. 1766,1785,and
source: 71 FR 77167, Dec 22, 2006, unless otherwise noted.
cite as: 12 CFR 708a.311