§ 169.3. Holders of proxies.
47 words·~1 min read·
/us/cfr/t12/s§ 169.3·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.