12 CFR 708a.311
§ 708a.311 Voting incentives.
United States · 12 CFR — Banks and Banking · Status: effective
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- Citation
- 12 CFR 708a.311, § 708a.311 Voting incentives, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/48540
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Full text
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.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.