StacksVerified U.S. regulatory reference

12 CFR §192.345

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
  1. (a)In general. A subscriber may purchase conversion shares with cash, by a withdrawal from a savings account, or a withdrawal from a certificate of deposit. If a subscriber purchases shares by a withdrawal from a certificate of deposit, the savings association may not assess a penalty for the withdrawal.
  2. (b)Prohibition. A savings association may not extend credit to any person to purchase the savings association's conversion shares.