Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 12 - Banks and Banking |
Chapter V - Office of Thrift Supervision, Department of the Treasury |
Part 543 - Federal Mutual Savings Associations - Incorporation, Organization, and Conversion |
Organization |
§ 543.7 - Limitations on transaction of business.
Latest version.
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§ 543.7 Limitations on transaction of business.
No person may organize a Federal savings association, collect money from others for such purpose, or represent himself or herself as authorized to do so, and no Federal savings association shall transact any business prior to completion of its organization, except as provided in this part.