Code of Federal Regulations · Section
§ 708a.311 — a.311 Voting Incentives
12 C.F.R. § 708a.311
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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.
Authorizing Statute
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Powers of Board12 U.S.C. § 1766