Code of Federal Regulations (Last Updated: April 5, 2024) |
Title 12 - Banks and Banking |
Chapter II - Federal Reserve System |
SubChapter A - Board of Governors of the Federal Reserve System |
Part 238 - Savings and Loan Holding Companies (Regulation LL) |
Subpart K - Dividends by Subsidiary Savings Associations |
§ 238.101 - Authority and purpose.
Latest version.
-
§ 238.101 Authority and purpose.
This subpart implements section 10(f) of HOLA which requires savings associations with holding companies to provide the Board not less than 30 days' notice of a proposed declaration of a dividend. This subpart applies to all declarations of dividends by a subsidiary savings association of a savings and loan holding company.