1. LawStack
  2. Title 12 - Banks and Banking
  3. Chapter I - COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY
  4. Part 192 - CONVERSIONS FROM MUTUAL TO STOCK FORM
  5. Subpart A - Standard Conversions
  6. Topic - Plan of Conversion
  7. 12 CFR § 192.125
12 CFR § 192.125
Adoption of plan of conversion by board of directors
November 10, 2020
CFR

Prior to filing an application for conversion, a savings association's board of directors must adopt a plan of conversion that conforms to §§192.320 through 192.485 and 192.505. The savings association's board of directors must adopt the plan by at least a two-thirds vote. Pursuant to §192.150, the savings association must include the plan of conversion in the application for conversion.

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§ 192.130 Information required in plan of conversion

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