§ 192.305 - Distribution of offering circular.

§ 192.305 When may I distribute the Distribution of offering circular?.

(a) You Preliminary offering circular. A savings association may distribute a preliminary offering circular at the same time as or after you mail it mails the proxy statement to your its members.

(b) You Early distribution prohibited. A savings association may not distribute an a final offering circular for stock issued in the transaction until after the appropriate Federal banking agency declares it effective. You must distribute the offering circular effective or the Securities and Exchange Commission declares the registration statement for the offering circular effective. The savings association must have the offering circular delivered in accordance with this part.

(c) You Effective offering circular. A savings association must distribute your a final offering circular for stock issued in the transaction to persons listed in your its plan of conversion within 10 calendar days after the appropriate Federal banking agency declares it effectivethe offering circular effective or the Securities and Exchange Commission declares the registration statement for the offering circular effective.