Other regulatory oversight of methods and procedures of membership vote.

CFR · 2024-01-01 · US · Title 12

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.

official document · source cfr-2024 · id 12:§ 708a.109