§ 708a.112. Voting incentives.
72 words·~1 min read·
/us/cfr/t12/s§ 708a.112·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If a converting 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 conversion. [71 FR 77167, Dec. 22, 2006. Redesignated at 75 FR 81386, Dec. 28, 2010]