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Code of Federal Regulations (Last Updated: May 6, 2024) |
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Title 12 - Banks and Banking |
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Chapter I - Comptroller of the Currency, Department of the Treasury |
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Part 192 - Conversions from Mutual to Stock Form |
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Subpart B - Voluntary Supervisory Conversions |
§ 192.610 - Member rights in a voluntary supervisory conversion.
Latest version.
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§ 192.610 Do my members have Member rights in a voluntary supervisory conversion?
Your.
Savings association members do not have the right to approve or participate in a voluntary supervisory conversion, and will not have any legal or beneficial ownership interests in the converted association, unless the appropriate Federal banking agency provides otherwise. Your Savings association members may have interests in a liquidation account, if one is established.