 |
Code of Federal Regulations (Last Updated: July 5, 2024) |
 |
Title 12 - Banks and Banking |
|
Chapter V - Office of Thrift Supervision, Department of the Treasury |
|
Part 563b - Conversions from Mutual to Stock Form |
|
Subpart A - Standard Conversions |
|
Proxy Solicitation |
§ 563b.290 - What will OTS do if a solicitation violates these prohibitions?
Latest version.
-
§ 563b.290 What will OTS do if a solicitation violates these prohibitions?
(a) If a solicitation violates § 563b.285, OTS may require remedial measures, including:
(1) Correction of the violation by a retraction and a new solicitation;
(2) Rescheduling the members' meeting; or
(3) Any other actions necessary to ensure a fair vote.
(b) OTS may also bring an enforcement action against the violator.