12 C.F.R. § 569.3 Holders of proxies.
Title 12 - Banks and Banking
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.
Title 12: Banks and Banking
PART 569—PROXIES
§ 569.3 Holders of proxies.