04 NCAC 16G .0516         PROHIBITION OF CERTAIN SOLICITATIONS

No person soliciting a proxy from a member for the meeting to vote on the plan of conversion shall solicit:

(1)           any undated or post‑dated proxy;

(2)           any proxy that provides that it shall be deemed to be dated as of any date subsequent to the date that it is signed by the member;

(3)           any proxy that is not revocable at will by the member giving it; or

(4)           any proxy that is part of any other document or instrument, such as an account card.

History Note:        Authority G.S. 54C‑33; 54C‑53;

Eff. February 15, 1992;

Amended Eff. November 1, 2017;

Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. November 22, 2018.