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.9—Other regulatory oversight of methods and procedures of membership vote.

708a.9—Other regulatory oversight of methods and procedures of membership vote.

The federal or state regulatory agency that will have jurisdiction over the financial institution after conversion must verify the membership vote and may direct that a new vote be taken, if it disapproves of the methods by which the membership vote was taken or the procedures applicable to the membership vote.

Code of Federal Regulations

Effective Date Note: At 75 FR 81386, Dec. 28, 2010, § 708a.9 was redesignated as § 708a.109, effective Jan. 27, 2011.