12 C.F.R. § 708a.111

Current through November 30, 2024
Section 708a.111 - Limit on compensation of officials

No director or senior management official of an insured credit union may receive any economic benefit in connection with the conversion of a credit union other than compensation and other benefits paid to directors or senior management officials of the converted institution in the ordinary course of business.

12 C.F.R. §708a.111

71 FR 77167 , Dec. 22, 2006. Redesignated at 75 FR 81386 , Dec. 28, 2010