§ 192.345 - Permissible forms of subscriber payment.

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§ 192.345 How may a subscriber pay for my conversion shares?Permissible forms of subscriber payment.
(a) In general. A subscriber may purchase conversion shares with cash, by a withdrawal from a savings account, or a withdrawal from a certificate of deposit. If a subscriber purchases shares by a withdrawal from a certificate of deposit, you the savings association may not assess a penalty for the withdrawal.
(b) You Prohibition. A savings association may not extend credit to any person to purchase your the savings association's conversion shares.

                    
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§ 192.345 - Permissible forms of subscriber payment.

§ 192.345 How may a subscriber pay for my conversion shares?Permissible forms of subscriber payment.