(2) Treatment as a Federal savings association. A covered savings association shall continue to comply with the provisions of law that apply to Federal savings associations for purposes of:

1. (i) Governance (including incorporation, bylaws, boards of directors, shareholders, members, and distribution of dividends);
2. (ii) Consolidation, merger, dissolution, conversion (including conversion to a stock bank or to another charter), conservatorship, and receivership;
3. (iii) Provisions of law applicable only to Federal mutual savings associations;
4. (iv) Offers and sales of securities at an office of a Federal savings association;
5. (v) Savings bank activities authorized by section 5(i)(4) of HOLA;
6. (vi) Issuance of subordinated debt securities and mandatorily redeemable preferred stock;
7. (vii) Increases in permanent capital of a Federal stock savings association;
8. (viii) Rules of practice and procedure in adjudicatory proceedings;
9. (ix) Rules for investigative proceedings and formal examination proceedings;
10. (x) Removals, suspensions, and prohibitions where a crime is charged or proven;
11. (xi) Security procedures;
12. (xii) Maintenance of records and recordkeeping and confirmation requirements for securities transactions;
13. (xiii) Accounting and disclosure standards;
14. (xiv) Nondiscrimination; and
15. (xv) Advertising.
16. (b) Existing branches. A covered savings association may continue to operate any branch or agency that the covered savings association operated on the effective date of the election.
17. (c) Assets greater than $20 billion. A covered savings association may continue to operate as a covered savings association if, after the effective date of the election, it has total consolidated assets greater than $20 billion.