C.F.R. » Title 12 » CHAPTER VII—NATIONAL CREDIT UNION ADMINISTRATION › SUBCHAPTER A—REGULATIONS AFFECTING CREDIT UNIONS › PART 708a—BANK CONVERSIONS AND MERGERS › Subpart C—Merger of Insured Credit Unions Into Banks

12 C.F.R. § 708a.310

Limits on compensation of officials

Read at: eCFRecfr.gov CornellLII GovInfogovinfo.gov CasesGoogle Scholar

No director or senior management official of an insured credit union may receive any economic benefit in connection with the merger of a credit union other than reasonable compensation and other benefits paid in the ordinary course of business.