{"data":{"id":"us/12-cfr-192.395","jurisdiction":"us","citation":"12 CFR 192.395","heading":"Other conditions for community and public offerings.","body":"A savings association must offer and sell its stock to achieve a widespread distribution of the stock. If a savings association offers shares in a community offering, a public offering, or both, it must first fill orders for its stock up to a maximum of two percent of the conversion stock on a basis that will promote a widespread distribution of stock. The savings association must allocate any remaining shares on an equal number of shares per order basis until it fills all orders.","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":"2b04b57e7265caf9eb6f365f69329f5db79a29189a386bc94104c9d751c0d2e5","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-192.390","next":"us/12-cfr-192.400"},"notice":"GroundRules: Original legal text. Not legal advice."}