12 CFR 192.520
§ 192.520 Declaring and paying dividends after the conversion.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 192.520, § 192.520 Declaring and paying dividends after the conversion, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/43996
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Full text
A savings association may declare or pay a dividend on its shares after the conversion if:
(a) The dividend will not reduce the savings association's regulatory capital below the amount required for the liquidation account under § 192.450;
(b) The savings association complies with all capital requirements under 12 CFR part 3 after it declares or pays dividends;
(c) The savings association complies with the capital distribution requirements under 12 CFR 5.55; and
(d) The savings association does not return any capital, other than ordinary dividends, to purchasers during the term of the business plan submitted with the 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.