Code of Federal Regulations (Last Updated: November 8, 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 |
Proxy Solicitation |
§ 192.250 - Compliance with proxy solicitation provisions. |
§ 192.255 - Form of proxy requirements. |
§ 192.260 - Previously executed proxies. |
§ 192.265 - Proxies executed under this part. |
§ 192.270 - Proxy statement requirements. |
§ 192.275 - Filing revised proxy materials. |
§ 192.280 - Mailing member's proxy solicitation materials. |
§ 192.285 - Prohibited solicitations. |
§ 192.290 - Remedial measures for prohibited solicitations. |
§ 192.295 - Re-solicitation of proxies. |
Liquidation Account |
Plan of Conversion |
§ 192.125 - Adoption of plan of conversion by board of directors. |
§ 192.130 - Information required in plan of conversion. |
§ 192.135 - Notifying members of adopted plan of conversion. |
§ 192.140 - Amendments to plan of conversion. |
Agency Review of the Application for Conversion |
§ 192.200 - Review, approval, or denial of application for conversion. |
§ 192.205 - Court review of final action on application for conversion. |
Notice of Filing of Application and Comment Process |
§ 192.180 - Public notice of an application for conversion. |
§ 192.185 - Public comment on application for conversion. |
Prior to Conversion |
§ 192.100 - Preparing for a conversion. |
§ 192.105 - Information required in business plan. |
§ 192.110 - Review of business plan by chief executive officer and board of directors. |
§ 192.115 - Review of business plan by the appropriate Federal banking agency. |
§ 192.120 - Confidentiality of conversion information. |
Offers and Sales of Stock |
§ 192.320 - Order of priority to purchase conversion shares. |
§ 192.325 - Timing of offer to sell conversion shares. |
§ 192.330 - Pricing of conversion shares. |
§ 192.335 - Procedures for the sale of conversion shares. |
§ 192.340 - Prohibited sales practices. |
§ 192.345 - Permissible forms of subscriber payment. |
§ 192.350 - Interest on payments for conversion shares. |
§ 192.355 - Subscription rights for eligible account holders and supplemental eligible account holders. |
§ 192.360 - Officers, directors, and associates as eligible account holders. |
§ 192.365 - Purchase of conversion shares by other voting members. |
§ 192.370 - Limits on aggregate purchases by officers, directors, and associates. |
§ 192.375 - Allocation of oversubscribed conversion shares. |
§ 192.380 - Purchase of conversion shares by employee stock ownership plan. |
§ 192.385 - Purchase limitations. |
§ 192.390 - Community offering of conversion shares. |
§ 192.395 - Other conditions for community and public offerings. |
Vote by Members |
§ 192.225 - Approval of plan of conversion by members. |
§ 192.230 - Members' voting eligibility. |
§ 192.235 - Notice of members' meeting. |
§ 192.240 - Submission of documents to the appropriate Federal banking agency after the members' meeting. |
Offering Circular |
§ 192.300 - Offering circular requirements. |
§ 192.305 - Distribution of offering circular. |
§ 192.310 - Filing a post-effective amendment to an offering circular. |
Contributions to Charitable Organizations |
§ 192.550 - Donating conversion shares or conversion proceeds to a charitable organization. |
§ 192.555 - Member approval of charitable contributions. |
§ 192.560 - Limitations on charitable contributions. |
§ 192.565 - Contents of organizational documents of charitable organization. |
§ 192.570 - Conflicts of interest among directors. |
§ 192.575 - Other requirements for charitable organizations. |
Filing Requirements |
§ 192.150 - Information required in an application for conversion. |
§ 192.155 - Filing an application for conversion. |
§ 192.160 - Request for confidential treatment. |
§ 192.165 - Amendments to an application for conversion. |
Completion of the Conversion |
Completion of the Offering |
§ 192.400 - Time period for completion of sale of stock. |
§ 192.405 - Extension of the offering period. |
§ 192.420 - Time period for completion of conversion. |
§ 192.425 - Termination of conversion. |
§ 192.430 - Charter amendments. |
§ 192.435 - Corporate existence after conversion. |
§ 192.440 - Stockholder voting rights after conversion. |
§ 192.445 - Savings account holder's account after conversion. |
§ 192.450 - Liquidation accounts. |
§ 192.455 - Initial balance of liquidation account. |
§ 192.460 - Initial balance of liquidation sub-account. |
§ 192.465 - Retention of voting rights based on liquidation sub-accounts. |
§ 192.470 - Required adjustments to liquidation sub-accounts. |
§ 192.475 - Definition of liquidation. |
§ 192.480 - Effect of liquidation account on net worth. |
§ 192.485 - Required liquidation account provision in new Federal charter. |
Post-Conversion |
§ 192.500 - Permissible management stock benefit plans after conversion. |
§ 192.505 - Restrictions on the trading of shares by directors, officers, and associates. |
§ 192.510 - Repurchase of shares after conversion. |
§ 192.515 - Information to be filed with Federal banking agency prior to repurchase of shares. |
§ 192.520 - Declaring and paying dividends after the conversion. |
§ 192.525 - Restrictions on acquisition of shares after conversion. |
§ 192.530 - Other post-conversion requirements. |