12 CFR 708b.107
§ 708b.107 Certification of vote on merger proposal.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 708b.107, § 708b.107 Certification of vote on merger proposal, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/48552
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Full text
The board of directors of the merging federal credit union must certify the results of the membership vote to the Regional Director within 10 days after the vote is taken. The certification must include the total number of members of record of the credit union, the number who voted on the merger, the number who voted in favor, and the number who voted against. If the continuing credit union is non-federally insured, the merging credit union must use the certification form in subpart C of this part unless the Regional Director approves the use of a different form.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.