Federal mutual savings association charter and bylaws.

CFR · 2024-01-01 · US · Title 12

(a) (b) (c) (d) (e) (f) (1) (2) (A) (B) (ii) (3) (g) (1) (2) (3) (4) (h) (i) (j) (2) (i) (B) At each annual meeting, the officers must make a full report of the financial condition of the association and of its progress for the preceding year and must outline a program for the succeeding year. (C) If the association's bylaws provide for telephonic or electronic participation in member meetings, the association must follow the procedures for telephonic or electronic participation of the State corporate governance provisions it is permitted to elect pursuant to paragraph (j)(3)(ii) of this section, if those State corporate governance provisions include telephonic or electronic participation procedures; the Delaware General Corporation Law, Del. Code Ann. Tit. 8 (1991, as amended 1994, and as amended thereafter) (with “member” substituting for “stockholder”); or the Model Business Corporation Act (with “member” substituting for “shareholder”), provided, however, that such procedures are not inconsistent with applicable Federal statutes and regulations and safety and soundness. The association must indicate the use of these procedures in its bylaws. (ii) (iii) (iv) (v) (vi) (vii) (A) A list of depositors in or borrowers from such association; (B) Their addresses; (C) Individual deposit or loan balances or records; or (D) Any data from which such information could be reasonably constructed. (viii) (ix) (x) (B) Any officer may be removed by the board of directors with or without ca

official document · source cfr-2024 · id 12:§ 5.21