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Regulations last checked for updates: Nov 23, 2024
Title 12 - Banks and Banking last revised: Nov 20, 2024
All Titles
Title 12
Chapter I
Part 192
Subpart A - Subpart A—Standard Conversions
PRIOR TO CONVERSION
§ 192.100 - Preparing for a conversion.
§ 192.105 - Information required in business plan.
§ 192.110 - Review of business plan by chief executive officer and board of directors.
§ 192.115 - Review of business plan by the appropriate Federal banking agency.
§ 192.120 - Confidentiality of conversion information.
PLAN OF CONVERSION
§ 192.125 - Adoption of plan of conversion by board of directors.
§ 192.130 - Information required in plan of conversion.
§ 192.135 - Notifying members of adopted plan of conversion.
§ 192.140 - Amendments to plan of conversion.
FILING REQUIREMENTS
§ 192.150 - Information required in an application for conversion.
§ 192.155 - Filing an application for conversion.
§ 192.160 - Request for confidential treatment.
§ 192.165 - Amendments to an application for conversion.
NOTICE OF FILING OF APPLICATION AND COMMENT PROCESS
§ 192.180 - Public notice of an application for conversion.
§ 192.185 - Public comment on application for conversion.
AGENCY REVIEW OF THE APPLICATION FOR CONVERSION
§ 192.200 - Review, approval, or denial of application for conversion.
§ 192.205 - Court review of final action on application for conversion.
VOTE BY MEMBERS
§ 192.225 - Approval of plan of conversion by members.
§ 192.230 - Members' voting eligibility.
§ 192.235 - Notice of members' meeting.
§ 192.240 - Submission of documents to the appropriate Federal banking agency after the members' meeting.
PROXY SOLICITATION
§ 192.250 - Compliance with proxy solicitation provisions.
§ 192.255 - Form of proxy requirements.
§ 192.260 - Previously executed proxies.
§ 192.265 - Proxies executed under this part.
§ 192.270 - Proxy statement requirements.
§ 192.275 - Filing revised proxy materials.
§ 192.280 - Mailing member's proxy solicitation materials.
§ 192.285 - Prohibited solicitations.
§ 192.290 - Remedial measures for prohibited solicitations.
§ 192.295 - Re-solicitation of proxies.
OFFERING CIRCULAR
§ 192.300 - Offering circular requirements.
§ 192.305 - Distribution of offering circular.
§ 192.310 - Filing a post-effective amendment to an offering circular.
OFFERS AND SALES OF STOCK
§ 192.320 - Order of priority to purchase conversion shares.
§ 192.325 - Timing of offer to sell conversion shares.
§ 192.330 - Pricing of conversion shares.
§ 192.335 - Procedures for the sale of conversion shares.
§ 192.340 - Prohibited sales practices.
§ 192.345 - Permissible forms of subscriber payment.
§ 192.350 - Interest on payments for conversion shares.
§ 192.355 - Subscription rights for eligible account holders and supplemental eligible account holders.
§ 192.360 - Officers, directors, and associates as eligible account holders.
§ 192.365 - Purchase of conversion shares by other voting members.
§ 192.370 - Limits on aggregate purchases by officers, directors, and associates.
§ 192.375 - Allocation of oversubscribed conversion shares.
§ 192.380 - Purchase of conversion shares by employee stock ownership plan.
§ 192.385 - Purchase limitations.
§ 192.390 - Community offering of conversion shares.
§ 192.395 - Other conditions for community and public offerings.
COMPLETION OF THE OFFERING
§ 192.400 - Time period for completion of sale of stock.
§ 192.405 - Extension of the offering period.
§ 192.420 - Time period for completion of conversion.
§ 192.425 - Termination of conversion.
§ 192.430 - Charter amendments.
§ 192.435 - Corporate existence after conversion.
§ 192.440 - Stockholder voting rights after conversion.
§ 192.445 - Savings account holder's account after conversion.
§ 192.450 - Liquidation accounts.
§ 192.455 - Initial balance of liquidation account.
§ 192.460 - Initial balance of liquidation sub-account.
§ 192.465 - Retention of voting rights based on liquidation sub-accounts.
§ 192.470 - Required adjustments to liquidation sub-accounts.
§ 192.475 - Definition of liquidation.
§ 192.480 - Effect of liquidation account on net worth.
§ 192.485 - Required liquidation account provision in new Federal charter.
POST-CONVERSION
§ 192.500 - Permissible management stock benefit plans after conversion.
§ 192.505 - Restrictions on the trading of shares by directors, officers, and associates.
§ 192.510 - Repurchase of shares after conversion.
§ 192.515 - Information to be filed with Federal banking agency prior to repurchase of shares.
§ 192.520 - Declaring and paying dividends after the conversion.
§ 192.525 - Restrictions on acquisition of shares after conversion.
§ 192.530 - Other post-conversion requirements.
CONTRIBUTIONS TO CHARITABLE ORGANIZATIONS
§ 192.550 - Donating conversion shares or conversion proceeds to a charitable organization.
§ 192.555 - Member approval of charitable contributions.
§ 192.560 - Limitations on charitable contributions.
§ 192.565 - Contents of organizational documents of charitable organization.
§ 192.570 - Conflicts of interest among directors.
§ 192.575 - Other requirements for charitable organizations.
authority:
12 U.S.C. 1462a
,
1463
,
1464
,
1467a
,
2901
source:
85 FR 42643, July 14, 2020, unless otherwise noted.
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