GroundRules
12 CFR 192.125: Adoption of plan of conversion by board of directors.
Where this section sits in the code
- Title 12—Banks and Banking
- CHAPTER I—COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY
- PART 192—CONVERSIONS FROM MUTUAL TO STOCK FORM
- Subpart A—Standard Conversions
Prior to filing an application for conversion, a savings association's board of directors must adopt a plan of conversion that conforms to §§ 192.320 through 192.485 and 192.505. The savings association's board of directors must adopt the plan by at least a two-thirds vote. Pursuant to § 192.150, the savings association must include the plan of conversion in the application for conversion.
Collected 2026-08-27T02:24:16Z. Source file · JSON