{"data":{"id":"us/12-cfr-239.51","jurisdiction":"us","citation":"12 CFR 239.51","heading":"Acquiring another insured stock depository institution as part of a conversion.","body":"When a mutual holding company converts to stock form, the subsidiary savings association may acquire for cash or stock another insured depository institution that is already in the stock form of ownership.","path":["Title 12—Banks and Banking","CHAPTER II—FEDERAL RESERVE SYSTEM","SUBCHAPTER A—BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM","PART 239—MUTUAL HOLDING COMPANIES (REGULATION MM)","Subpart E—Conversions From Mutual to Stock Form"],"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":"52e3c374e2fb93ac88ab6acfe354fc5b33b7235165c87e213205295d6484ab47","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-239.50","next":"us/12-cfr-239.52"},"notice":"GroundRules: Original legal text. Not legal advice."}