12 CFR 708a.107
§ 708a.107 Certification of vote on conversion proposal.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 708a.107, § 708a.107 Certification of vote on conversion proposal, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/48521
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Full text
(a) The board of directors of the converting credit union must certify the results of the membership vote to the Regional Director within 14 calendar days after the vote is taken.
(b) The certification must also include a statement that the notice, ballot and other written materials provided to members were identical to those submitted to NCUA pursuant to § 708a.105. If the board cannot certify this, the board must provide copies of any new or revised materials and an explanation of the reasons for any changes.
(c) The certification must be accompanied by copies of all correspondence between the credit union and any Federal banking agency whose approval is required for the conversion.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.