Community offering of conversion shares.

  1. Law
  2. CFR 12
  3. Banks and Banking
  4. Comptroller of the Currency, Department of the Treasury
  5. Conversions from Mutual to Stock Form
  6. Standard Conversions
  7. Offers and Sales of Stock
  8. Community offering of conversion shares.

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§ 192.390 Community offering of conversion shares.

(a) Purchase preference in subscription offering. In a subscription offering, a savings association may give a purchase preference to eligible account holders, supplemental eligible account holders, and voting members residing in its local community.

(b) Purchase preference in community offering. In a community offering, a savings association must give a purchase preference to natural persons residing in its local community.


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