Code of Federal Regulations (Last Updated: May 6, 2024) |
Title 12 - Banks and Banking |
Chapter I - Comptroller of the Currency, Department of the Treasury |
Part 192 - Conversions from Mutual to Stock Form |
Subpart A - Standard Conversions |
Offers and Sales of Stock |
§ 192.360 - Officers, directors, and associates as eligible account holders.
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§ 192.360 Are my officersOfficers, directors, and their associates as eligible account holders?
Your.
A savings association's officers, directors, and their associates may be eligible account holders. However, if an officer, director, or his or her associate receives subscription rights based on increased deposits in the year before the eligibility record date, you the savings association must subordinate subscription rights for these deposits to subscription rights exercised by other eligible account holders.