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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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Offers and Sales of Stock |
§ 563b.390 - Must I provide a purchase preference to persons in my local community?
Latest version.
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§ 563b.390 Must I provide a purchase preference to persons in my local community?
(a) In your subscription offering, you may give a purchase preference to eligible account holders, supplemental eligible account holders, and voting members residing in your local community.
(b) In your community offering, you must give a purchase preference to natural persons residing in your local community.