other · Treasury · Rule · Published 1998-08-31 · Effective 1998-08-31 · 63 FR 46159
Document
Document number
98-23281
Federal Register citation
63 FR 46159
CFR reference
12 CFR 544
Type
Rule
Action
Final rule.
Category
other
Sub-agency
Treasury
Publication date
1998-08-31
Effective date
1998-08-31
Treasury docket
No. 98-89
Abstract
The Office of Thrift Supervision (OTS) is amending its regulations on federal mutual savings association charters. The amendment expands the range of votes a federal mutual savings association may allow a member to cast on issues requiring action by the members of the association from the current 50 to 1000 votes to one to 1000 votes per member. This amendment adds flexibility to the federal mutual charter, and allows a federal mutual savings association to adopt a charter providing for ``one member, one vote.''