§708a.112. Voting incentives.
12 C.F.R. § 708a.112
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.
Notes, amendments, and revision history
Amendments
[71 FR 77167, Dec. 22, 2006. Redesignated at 75 FR 81386, Dec. 28, 2010]
Authority
Authority: 12 U.S.C. 1766, 1785(b), and 1785(c).
Source
Source: 71 FR 77167, Dec 22, 2006, unless otherwise noted.
Amendments
[71 FR 77167, Dec. 22, 2006. Redesignated at 75 FR 81386, Dec. 28, 2010]