§ 708a.310 Limits on compensation of officials.
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Title 12 CFR: Banks and Banking › Chapter VII: NATIONAL CREDIT UNION ADMINISTRATION › Part 708a: BANK CONVERSIONS AND MERGERS › Subpart C: Merger of Insured Credit Unions Into Banks › § 708a.310: § 708a.310 Limits on compensation of officials.
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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.
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