12 CFR 708a.310
§ 708a.310 Limits on compensation of officials.
United States · 12 CFR — Banks and Banking · Status: effective
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- Citation
- 12 CFR 708a.310, § 708a.310 Limits on compensation of officials, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/48539
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Full text
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.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.