§ 708a.11 - Limit on compensation of officials.

Latest version.

No director or senior management official of an insured credit union may receive any economic benefit in connection with the conversion of a credit union other than compensation and other benefits paid to directors or senior management officials of the converted institution in the ordinary course of business.
Effective Date Note:
At 75 FR 81386, Dec. 28, 2010, § 708a.11 was redesignated as § 708a.111, effective Jan. 27, 2011.

                    
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