§ 708a.12 - Voting incentives.  


Latest version.
  • If a converting 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 conversion.

    Effective Date Note:

    At 75 FR 81386, Dec. 28, 2010, § 708a.12 was redesignated as § 708a.112, effective Jan. 27, 2011.