12 CFR 239.51 - Acquiring another insured stock depository institution as part of a conversion.

Regulations last checked for updates: Nov 23, 2024

Title 12 - Banks and Banking last revised: Nov 20, 2024

View all text of Subpart E [§ 239.50 - § 239.66]

§ 239.51 - Acquiring another insured stock depository institution as part of a conversion.

When a mutual holding company converts to stock form, the subsidiary savings association may acquire for cash or stock another insured depository institution that is already in the stock form of ownership.

authority: 12 U.S.C. 1462,1462a,1464,1467a,1828,and

source: Reg. MM, 76 FR 56357, Sept. 13, 2011, unless otherwise noted.

cite as: 12 CFR 239.51