§ 192.390 - Community offering of conversion shares.

§ 192.390 Must I provide a purchase preference to persons in my local community?

(a) In your subscription offering, you

Community offering of conversion shares.

(a) Purchase preference in subscription offering. In a subscription offering, a savings association may give a purchase preference to eligible account holders, supplemental eligible account holders, and voting members residing in your its local community.

(b) In your Purchase preference in community offering. In a community offering, you a savings association must give a purchase preference to natural persons residing in your its local community.