{"data":{"id":"us/12-cfr-192.390","jurisdiction":"us","citation":"12 CFR 192.390","heading":"Community offering of conversion shares.","body":"(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.\n(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.","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":"7aa73d65d99aa7503c0b6572eb21eb839ac2ac724838e0c8c3acc308d45a3612","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-192.385","next":"us/12-cfr-192.395"},"notice":"GroundRules: Original legal text. Not legal advice."}