StacksVerified U.S. regulatory reference

12 CFR §238.63

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
  1. (a)In general. In order for a savings and loan holding company to engage in financial holding company activities:
    1. (1)The savings and loan holding company and all depository institutions controlled by the savings and loan holding company must be and remain well capitalized;
    2. (2)The savings and loan holding company and all depository institutions controlled by the savings and loan company must be and remain well managed; and
    3. (3)The savings and loan holding company must have made an effective election to be treated as a financial holding company.