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Code of Federal Regulations (Last Updated: May 6, 2024) |
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Title 12 - Banks and Banking |
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Chapter VII - National Credit Union Administration |
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SubChapter A - Regulations Affecting Credit Unions |
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Part 708a - Bank Conversions and Mergers |
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Subpart C - Merger of Insured Credit Unions Into Banks |
§ 708a.310 - Limits on compensation of officials.
Latest version.
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§ 708a.310 Limits on compensation of officials.
No director or senior management official of an insured credit union may receive any economic benefit in connection with the merger of a credit union other than reasonable compensation and other benefits paid in the ordinary course of business.