---
kind: "section"
citation: "12 C.F.R. § 192.250"
title: "12"
number: "192.250"
heading: "Compliance with proxy solicitation provisions."
url: "https://uscodex.org/cfr/12/192.250"
---

# §192.250. Compliance with proxy solicitation provisions.

- (a) **Savings association compliance.** A savings association must comply with these proxy solicitation provisions when it provides proxy solicitation material to members for the meeting to vote on the plan of conversion.
- (b) **Member compliance.** Members of the savings association must comply with these proxy solicitation provisions when they provide proxy solicitation materials to members for the meeting to vote on the conversion, pursuant to [§ 192.280](/cfr/12/192.280.md), except where:
  - (1) The member solicits 50 people or fewer and does not solicit proxies on the savings association's behalf; or
  - (2) The member solicits proxies through newspaper advertisements after the savings association's board of directors adopts the plan of conversion. Any newspaper advertisements may include only the following information:
    - (i) The name of the savings association;
    - (ii) The reason for the advertisement;
    - (iii) The proposal or proposals to be voted upon;
    - (iv) Where a member may obtain a copy of the proxy solicitation material; and
    - (v) **A request for the savings association's members to vote at the meeting.**

## Notes

### Authority

Authority: 12 U.S.C. 1462a, 1463, 1464, 1467a, 2901 et seq., 5412(b)(2)(B); 15 U.S.C. 78c, 78 l , 78m, 78n, 78w.

### Source

Source: 85 FR 42643, July 14, 2020, unless otherwise noted.