12 CFR 192.425
§ 192.425 Termination of conversion.
United States · 12 CFR — Banks and Banking · Status: effective
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- Citation
- 12 CFR 192.425, § 192.425 Termination of conversion, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/43979
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Full text
A conversion may be terminated by:
(a) A savings association's members failing to approve the conversion at its members' meeting;
(b) A savings association before its members' meeting; or
(c) A savings association after the members' meeting, but only if the appropriate Federal banking agency concurs.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.