---identifier: "/us/cfr/t12/s169.3"source: "ecfr"legal_status: "authoritative_unofficial"title: "12 CFR § 169.3 - Holders of proxies."title_number: 12title_name: "Banks and Banking"section_number: "169.3"section_name: "Holders of proxies."chapter_name: "COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY"part_number: "169"part_name: "PROXIES"positive_law: falsecurrency: "2026-04-05"last_updated: "2026-04-05"format_version: "1.1.0"generator: "[email protected]"authority: "Section 2, 48 Stat. 128, as amended (12 U.S.C. 1462); section 3, as added by section 301, 103 Stat. 278 (12 U.S.C. 1462a); section 4, as added by section 301, 103 Stat. 280 (12 U.S.C. 1463), 5412(b)(2)(B)."regulatory_source: "76 FR 49129, Aug. 9, 2011, unless otherwise noted."cfr_part: "169"---
Identifier
/us/cfr/t12/s169.3
Currency
2026-04-05
Positive Law
No
Updated
2026-04-05
Chapter
Comptroller of the Currency, Department of the Treasury
Authority
Section 2, 48 Stat. 128, as amended (12 U.S.C. 1462); section 3, as added by section 301, 103 Stat. 278 (12 U.S.C. 1462a); section 4, as added by section 301, 103 Stat. 280 (12 U.S.C. 1463), 5412(b)(2... Section 2, 48 Stat. 128, as amended (12 U.S.C. 1462); section 3, as added by section 301, 103 Stat. 278 (12 U.S.C. 1462a); section 4, as added by section 301, 103 Stat. 280 (12 U.S.C. 1463), 5412(b)(2)(B).
# 169.3 Holders of proxies.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.