12 CFR 239.51
§ 239.51 Acquiring another insured stock depository institution as part of a conversion.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 239.51, § 239.51 Acquiring another insured stock depository institution as part of a conversion, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/45164
- Permanent ID
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Full text
When a mutual holding company converts to stock form, the subsidiary savings association may acquire for cash or stock another insured depository institution that is already in the stock form of ownership.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.