4 N.C. Admin. Code 16G.0509

Current through Register Vol. 38, No. 22, May 15, 2024

Section 16G .0509 - SOLICITATIONS TO WHICH RULES APPLY

This Section applies to every solicitation of a proxy from a member of a savings institution for the meeting that a plan of conversion will be voted upon, except the following:

(1) any solicitation made otherwise than on behalf of the management of the savings institution where the total number of persons solicited is not more than 50; or

(2) any solicitation through the medium of a newspaper advertisement that informs members, following approval of the plan of conversion, of a source from which they may obtain copies of a proxy statement, form of proxy, or any other solicitation material and shall contain no more than:

(a) name the savings institution;

(b) state the reason for the advertisement;

(c) identify the proposal or proposals to be acted upon by members; and

(d) urge members to vote at the meeting.

04 N.C. Admin. Code 16G .0509

Authority G.S. 54B-33; 54C-33; 54C-53;
Eff. February 15, 1992;
Amended Eff. November 1, 2017;
Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. November 22, 2018.

Authority G.S. 54C-33; 54C-53;
Eff. February 15, 1992.

Amended by North Carolina Register Volume 32, Issue 11, December 1, 2017 effective 11/1/2017.