12 CFR 192.15

§ 192.15 Forming a charitable organization upon conversion.

United States · 12 CFR — Banks and Banking · Status: effective

Cite this

Citation: 12 CFR 192.15, § 192.15 Forming a charitable organization upon conversion, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/43922
Permanent ID: ys:prov:43922@1
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Full text

When a savings association converts to the stock form, it may form a charitable organization. A savings association's contributions to the charitable organization are governed by the requirements of §§ 192.550 through 192.575.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.