12 CFR 192.650
§ 192.650 Contents of plan of voluntary supervisory conversion.
United States · 12 CFR — Banks and Banking · Status: effective
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- Citation
- 12 CFR 192.650, § 192.650 Contents of plan of voluntary supervisory conversion, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/44011
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Full text
A majority of the board of directors of the savings association must adopt a plan of voluntary supervisory conversion. The savings association must include all of the following information in its plan of voluntary supervisory conversion.
(a) The savings association's name and address.
(b) A complete description of the proposed voluntary supervisory conversion transaction that also describes plans for any liquidation account.
(c) Certified copies of all resolutions relating to the conversion adopted by the board of directors of the savings association.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.