Definitions.

CFR · 2024-01-01 · US · Title 12

As used in this part: (1) The independent entity will receive the ballots directly from voting members. (2) After the conclusion of the special meeting that ends the ballot period, the independent entity will open all the ballots in its possession and tabulate the results. The entity must not open or tabulate any ballots before the conclusion of the special meeting. (3) The independent entity will certify the final vote tally in writing to the credit union and provide a copy to the NCUA Regional Director. The certification will include, at a minimum, the number of members who voted, the number of affirmative votes, and the number of negative votes. During the course of the voting period the independent entity may provide the credit union with the names of members who have not yet voted, but may not provide any voting results to the credit union prior to certifying the final vote tally. (1) Includes communications delivered or made available before, during, and after the credit union's board of directors decides to seek conversion or termination. (2) Includes, but is not limited to, communications delivered or made available by mail, e-mail, and internet website posting. (3) Does not include communications intended to be read only by the credit union's own employees or officials.

official document · source cfr-2024 · id 12:§ 708b.2