(a) Filing. A subsidiary savings association of a savings and loan holding company must file a notice with the appropriate Reserve Bank on the designated form at least 30 days before the proposed declaration of a dividend by its board of directors.
(b) Schedules. A notice may include a schedule proposing dividends over a specified period, not to exceed 12 months.
authority: 5 U.S.C. 552,
559;
12 U.S.C. 1462,
1462a,
1463,
1464,
1467,
1467a,
1468,
5365; 1813, 1817, 1829e, 1831i, 1972,
15 U.S.C. 78
source: Reg. LL, 76 FR 56532, Sept. 13, 2011, unless otherwise noted.
cite as: 12 CFR 238.103