Proxy solicitation.

CFR · 2024-01-01 · US · Title 12

(a) (2) Members of the mutual holding company must comply with these proxy solicitation provisions when they provide proxy solicitation materials to members for the meeting to vote on the conversion, pursuant to paragraph (f) of this section except where: (i) The member solicits 50 people or fewer and does not solicit proxies on behalf of the mutual holding company; or (ii) The member solicits proxies through newspaper advertisements after the board of directors adopts the plan of conversion. Any newspaper advertisements may include only the following information: (A) The name of the mutual holding company; (B) The reason for the advertisement; (C) The proposal or proposals to be voted upon; (D) Where a member may obtain a copy of the proxy solicitation material; and (E) A request for the members of the mutual holding company to vote at the meeting. (b) (1) A statement in bold face type stating that management is soliciting the proxy. (2) Blank spaces where the member must date and sign the proxy. (3) Clear and impartial identification of each matter or group of related matters that members will vote upon. It must include any proposed charitable contribution as an item to be voted on separately. (4) The phrase “Revocable Proxy” in bold face type (at least 18 point). (5) A description of any charter or state law requirement that restricts or conditions votes by proxy. (6) An acknowledgment that the member received a proxy statement before he or she signed the form of proxy. (7

official document · source cfr-2024 · id 12:§ 239.57