GroundRules
12 CFR 192.390: Community offering of conversion shares.
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
(a) Purchase preference in subscription offering. In a subscription offering, a savings association may give a purchase preference to eligible account holders, supplemental eligible account holders, and voting members residing in its local community.
(b) Purchase preference in community offering. In a community offering, a savings association must give a purchase preference to natural persons residing in its local community.
Collected 2026-08-27T02:24:16Z. Source file · JSON