§708a.310. Limits on compensation of officials.
12 C.F.R. § 708a.310
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.
Notes, amendments, and revision history
Source
Source: 75 FR 81387, Dec. 28, 2010, unless otherwise noted.
Authority
Authority: 12 U.S.C. 1766, 1785(b), and 1785(c).
Source
Source: 71 FR 77167, Dec 22, 2006, unless otherwise noted.