12 CFR 192.690
§ 192.690 Restrictions on acquisition of additional shares after voluntary supervisory conversion.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 192.690, § 192.690 Restrictions on acquisition of additional shares after voluntary supervisory conversion, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/44016
- Permanent ID
ys:prov:44016@1- SHA-256
4429be160cae91b2b7da52760dfafc485567ca4b8cd416514d663ad15ec60d30
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Full text
For three years after the completion of a voluntary supervisory conversion, neither the savings association nor its controlling shareholder(s) may acquire shares from minority shareholders without the appropriate Federal banking agency's prior approval.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.