12 CFR 169.3
§ 169.3 Holders of proxies.
United States · 12 CFR — Banks and Banking · Status: effective
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- Citation
- 12 CFR 169.3, § 169.3 Holders of proxies, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/43900
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Full text
No proxy of a mutual savings association with a term greater than eleven months or solicited at the expense of the association may designate as holder anyone other than the board of directors [trustees] as a whole, or a committee appointed by a majority of such board.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.