Code of Federal Regulations (Last Updated: November 8, 2024) |
Title 12 - Banks and Banking |
Chapter I - Comptroller of the Currency, Department of the Treasury |
Part 192 - Conversions from Mutual to Stock Form |
Subpart A - Standard Conversions |
Proxy Solicitation |
§ 192.290 - Remedial measures for prohibited solicitations.
Latest version.
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§ 192.290 What will the appropriate Federal banking agency do if a solicitation violates these prohibitions?
(a) If a solicitation violates § 192.285, the appropriate Federal banking agency 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) The appropriate Federal banking agency may also bring an enforcement action against the violator.