Code of Federal Regulations · Section
§ 169.3 — Holders Of Proxies
12 C.F.R. § 169.3
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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.
Authorizing Statute
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Administrative provisions12 U.S.C. § 1462a
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Definitions12 U.S.C. § 1462
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Supervision of savings associations12 U.S.C. § 1463