{"data":{"id":"us/12-cfr-192.320","jurisdiction":"us","citation":"12 CFR 192.320","heading":"Order of priority to purchase conversion shares.","body":"A savings association must offer to sell its shares in the following order:\n(a) Eligible account holders.\n(b) Tax-qualified employee stock ownership plans.\n(c) Supplemental eligible account holders.\n(d) Other voting members who have subscription rights.\n(e) The savings association's community, its community and the general public, or the general public.","path":["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"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-12.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:16Z","sha256":"a94a5ee93d2f6e1e63018601e539bd76ef88323c4b75c9acde844e46c52ac8fe","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-192.310","next":"us/12-cfr-192.325"},"notice":"GroundRules: Original legal text. Not legal advice."}