12 CFR 192.325
§ 192.325 Timing of offer to sell conversion shares.
United States · 12 CFR — Banks and Banking · Status: effective
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- Citation
- 12 CFR 192.325, § 192.325 Timing of offer to sell conversion shares, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/43961
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Full text
(a) In general. A savings association may offer to sell its conversion shares after the appropriate Federal banking agency approves the conversion, clears the proxy statement, and declares the offering circular effective.
(b) Timing. The offer may commence at the same time the savings association starts the proxy solicitation of its members.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.