§ 708a.109. Other regulatory oversight of methods and procedures of membership vote.
65 words·~1 min read·
/us/cfr/t12/s§ 708a.109·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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. [71 FR 77167, Dec. 22, 2006. Redesignated at 75 FR 81386, Dec. 28, 2010]