# Charter and Bylaws; One Member, One Vote
> **Treasury** · Final rule. · Published 1998-08-31 · Effective 1998-08-31 · 63 FR 46159
## Document
- **Document number:** 98-23281
- **Category:** other
- **Sub-agency:** Treasury
- **Federal Register citation:** 63 FR 46159
- **CFR reference:** 12 CFR 544
- **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.''

## Source
- [Federal Register document](https://www.federalregister.gov/documents/1998/08/31/98-23281/charter-and-bylaws-one-member-one-vote)
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