{"data":{"id":"us/12-cfr-192.555","jurisdiction":"us","citation":"12 CFR 192.555","heading":"Member approval of charitable contributions.","body":"At the meeting to consider the conversion, a savings association's members must separately approve, by a majority of the total eligible votes, a charitable contribution of conversion shares or proceeds. If the savings association is in mutual holding company form and adding a charitable contribution as part of a second step stock conversion, the savings association must also have its minority shareholders separately approve the charitable contribution by a majority of their total eligible votes.","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":"2b3962a6b5150992722125ef3b2e269827c51381d80795ef8145512422c83752","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-192.550","next":"us/12-cfr-192.560"},"notice":"GroundRules: Original legal text. Not legal advice."}