Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 12 - Banks and Banking |
Chapter II - Federal Reserve System |
SubChapter A - Board of Governors of the Federal Reserve System |
Part 239 - Mutual Holding Companies (Regulation Mm) |
Subpart E - Conversions From Mutual to Stock Form |
§ 239.51 - Acquiring another insured stock depository institution as part of a conversion.
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§ 239.51 Acquiring another insured stock depository institution as part of a conversion.
When a mutual holding company converts to stock form, the subsidiary savings association may acquire for cash or stock another insured depository institution that is already in the stock form of ownership.