12 CFR 192.610
§ 192.610 Member rights in a voluntary supervisory conversion.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 192.610, § 192.610 Member rights in a voluntary supervisory conversion, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/44008
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Full text
Savings association members do not have the right to approve or participate in a voluntary supervisory conversion, and will not have any legal or beneficial ownership interests in the converted association, unless the appropriate Federal banking agency provides otherwise. Savings association members may have interests in a liquidation account, if one is established.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.