12 CFR 192.125
§ 192.125 Adoption of plan of conversion by board of directors.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 192.125, § 192.125 Adoption of plan of conversion by board of directors, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/43931
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Full text
Prior to filing an application for conversion, a savings association's board of directors must adopt a plan of conversion that conforms to §§ 192.320 through 192.485 and 192.505. The savings association's board of directors must adopt the plan by at least a two-thirds vote. Pursuant to § 192.150, the savings association must include the plan of conversion in the application for conversion.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.