12 CFR 192.360

§ 192.360 Officers, directors, and associates as eligible account holders.

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

Cite this

Citation: 12 CFR 192.360, § 192.360 Officers, directors, and associates as eligible account holders, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/43968
Permanent ID: ys:prov:43968@1
SHA-256: 0b21442f368d952164947710a177d95caf4cee08eee7c82667df4b42b4396a91

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Full text

A savings association's officers, directors, and their associates may be eligible account holders. However, if an officer, director, or his or her associate receives subscription rights based on increased deposits in the year before the eligibility record date, the savings association must subordinate subscription rights for these deposits to subscription rights exercised by other eligible account holders.

Legislative history

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