CFR > Title 12 - Banks and Banking > CHAPTER VII—NATIONAL CREDIT UNION ADMINISTRATION > SUBCHAPTER A—REGULATIONS AFFECTING CREDIT UNIONS (parts 700 to 761) > PART 708a—BANK CONVERSIONS AND MERGERS > SUBPART A—Conversion of Insured Credit Unions to Mutual Savings Banks (§708a.1 to §708a.113) > 708a.7—Certification of vote on conversion proposal.

708a.7—Certification of vote on conversion proposal.

(a) The board of directors of the converting credit union must certify the results of the membership vote to the Regional Director within 10 calendar days after the vote is taken.
(b) The certification must also include a statement that the notice, ballot and other written materials provided to members were identical to those submitted to NCUA pursuant to § 708a.5. If the board cannot certify this, the board must provide copies of any new or revised materials and an explanation of the reasons for any changes.

Code of Federal Regulations

§ 708a.7 , Nt.

Code of Federal Regulations

Effective Date Note: At 75 FR 81386, Dec. 28, 2010, § 708a.7 was redesignated as § 708a.107 and paragraph (a) was revised, paragraph (c) was added, effective Jan. 27, 2011. For the convenience of the user, the added and revised text is set forth as follows: