GroundRules
12 CFR 192.605: Conducting a voluntary supervisory conversion.
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 B—Voluntary Supervisory Conversions
A savings association may conduct a voluntary supervisory conversion through one of the following methods:
(a) A savings association may sell its shares or the shares of a holding company to the public under the requirements of subpart A of this part.
(b) A savings association may convert to stock form by merging into an interim Federal- or State-chartered stock association.
(c) A savings association may sell its shares directly to an acquiror, who may be a person, company, depository institution, or depository institution holding company.
(d) A savings association may merge or consolidate with an existing or newly created depository institution. The merger or consolidation must be authorized by, and is subject to, other applicable laws and regulations.
Collected 2026-08-27T02:24:16Z. Source file · JSON