{"data":{"id":"us/12-cfr-192.550","jurisdiction":"us","citation":"12 CFR 192.550","heading":"Donating conversion shares or conversion proceeds to a charitable organization.","body":"A savings association may contribute some of its conversion shares or proceeds to a charitable organization if:\n(a) The savings association's plan of conversion provides for the proposed contribution;\n(b) The savings association's members approve the proposed contribution; and\n(c) The IRS either has approved, or approves within two years after formation, the charitable organization as a tax-exempt charitable organization under the Internal Revenue Code.","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":"7a1cbcfb570c16d8ddb2c442ef9a17b1f00b8218961e79a2b67f86c75e4e2c9e","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-192.530","next":"us/12-cfr-192.555"},"notice":"GroundRules: Original legal text. Not legal advice."}