StacksVerified U.S. regulatory reference

12 CFR §169.3

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
No proxy of a mutual savings association with a term greater than eleven months or solicited at the expense of the association may designate as holder anyone other than the board of directors [trustees] as a whole, or a committee appointed by a majority of such board.