12 CFR 192.400

§ 192.400 Time period for completion of sale of stock.

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

Cite this

Citation: 12 CFR 192.400, § 192.400 Time period for completion of sale of stock, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/43976
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Full text

A savings association must complete all sales of its stock within 45 calendar days after the last day of the subscription period, unless the offering is extended under § 192.405.

Legislative history

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