§ 192.10 - Forming a holding company upon conversion.

§ 192.10 May I form Forming a holding company as part of my upon conversion.

You A savings association may convert to the stock form of ownership as part of a transaction where you organize the savings association organizes a holding company to acquire all of your the savings association's shares upon their issuance. In such a this transaction, your the savings association's holding company will offer rights to purchase its shares instead of your the savings association's shares. Regulations of the Board of Governors of the Federal Reserve System address holding company application requirements.