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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 12 - Banks and Banking |
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Chapter V - Office of Thrift Supervision, Department of the Treasury |
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Part 563b - Conversions from Mutual to Stock Form |
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Subpart A - Standard Conversions |
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Vote by Members |
§ 563b.240 - What must I submit to OTS after the members' meeting?
Latest version.
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§ 563b.240 What must I submit to OTS after the members' meeting?
(a) Promptly after the members' meeting, you must file all of the following information with OTS:
(1) A certified copy of each adopted resolution on the conversion.
(2) The total votes eligible to be cast.
(3) The total votes represented in person or by proxy.
(4) The total votes cast in favor of and against each matter.
(5) The percentage of votes necessary to approve each matter.
(6) An opinion of counsel that you conducted the members' meeting in compliance with all applicable state or federal laws and regulations.
(b) Promptly after completion of the conversion, you must submit an opinion of counsel that you complied with all laws applicable to the conversion.