12 C.F.R. § 239.51 – Acquiring another insured stock depository institution as part of a conversion. | Midpage
§ 239.51
12 C.F.R. § 239.51
Acquiring another insured stock depository institution as part of a conversion.
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.