{"data":{"id":"us/12-cfr-192.520","jurisdiction":"us","citation":"12 CFR 192.520","heading":"Declaring and paying dividends after the conversion.","body":"A savings association may declare or pay a dividend on its shares after the conversion if:\n(a) The dividend will not reduce the savings association's regulatory capital below the amount required for the liquidation account under § 192.450;\n(b) The savings association complies with all capital requirements under 12 CFR part 3 after it declares or pays dividends;\n(c) The savings association complies with the capital distribution requirements under 12 CFR 5.55; and\n(d) The savings association does not return any capital, other than ordinary dividends, to purchasers during the term of the business plan submitted with the conversion.","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":"f50e7f2e6cccb3ef53ddca7c6a78add90fcb04c16dec446f6c0069175463e674","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-192.515","next":"us/12-cfr-192.525"},"notice":"GroundRules: Original legal text. Not legal advice."}