[Code of Federal Regulations]

[Title 12, Volume 6]

[Revised as of January 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 12CFR708a.8]



[Page 493-494]

 

                       TITLE 12--BANKS AND BANKING

 

            CHAPTER VII--NATIONAL CREDIT UNION ADMINISTRATION

 

PART 708a_CONVERSION OF INSURED CREDIT UNIONS TO MUTUAL SAVINGS BANKS

--Table of Contents

 

Sec. 708a.8  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



[[Page 494]]



by which the membership vote was taken or the procedures applicable to 

the membership vote.