§708a.311. Voting incentives.
12 C.F.R. § 708a.311
If a merging 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 merger.
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.