12 CFR 192.10
§ 192.10 Forming a holding company upon conversion.
United States · 12 CFR — Banks and Banking · Status: effective
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- Citation
- 12 CFR 192.10, § 192.10 Forming a holding company upon conversion, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/43921
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Full text
A savings association may convert to the stock form of ownership as part of a transaction where the savings association organizes a holding company to acquire all of the savings association's shares upon their issuance. In this transaction, the savings association's holding company will offer rights to purchase its shares instead of the savings association's shares. Regulations of the Board of Governors of the Federal Reserve System address holding company application requirements.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.