{"data":{"id":"us/12-cfr-192.370","jurisdiction":"us","citation":"12 CFR 192.370","heading":"Limits on aggregate purchases by officers, directors, and associates.","body":"(a) In general. When a savings association converts, its officers, directors, and their associates may not purchase, in the aggregate, more than the following percentage of the savings association's total stock offering:\nTable 1 to § 192.370(a)\nInstitution size Officer and director purchases (percent)\n$50,000,000 or less 35\n$50,000,001-100,000,000 34\n$100,000,001-150,000,000 33\n$150,000,001-200,000,000 32\n$200,000,001-250,000,000 31\n$250,000,001-300,000,000 30\n$300,000,001-350,000,000 29\n$350,000,001-400,000,000 28\n$400,000,001-450,000,000 27\n$450,000,001-500,000,000 26\nOver $500,000,000 25\n(b) Exception. The purchase limitations in this section do not apply to shares held in tax-qualified employee stock benefit plans that are attributable to the savings association's officers, directors, and their associates.","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":"da909cfa97a9996c0a3ad8fc559353ef49c8e9676227411af3fa5c555768a3b4","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-192.365","next":"us/12-cfr-192.375"},"notice":"GroundRules: Original legal text. Not legal advice."}