---
kind: "section"
citation: "12 C.F.R. § 708a.310"
title: "12"
number: "708a.310"
heading: "Limits on compensation of officials."
url: "https://uscodex.org/cfr/12/708a.310"
---

# §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.


## Notes

### 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.