§ 192.395 - Other conditions for community and public offerings.

§ 192.395 What other conditions apply when I offer conversion shares in a community offering, a public offering, or both?

(a) You

Other conditions for community and public offerings.

A savings association must offer and sell

your

its stock to achieve a widespread distribution of the stock.

(b) If you offer

If a savings association offers shares in a community offering, a public offering, or both,

you

it must first fill orders for

your

its stock up to a maximum of two percent of the conversion stock on a basis that will promote a widespread distribution of stock.

You

The savings association must allocate any remaining shares on an equal number of shares per order basis until

you fill

it fills all orders.