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Louisiana Administrative Code

Chapter 3

Conversions

State of Louisiana

301Scope 303Definitions 305Contents of Plan of Conversion 307Optional Provisions in Plan of Conversion 309Determination of Amount of Qualifying Deposits 311Prohibited Stock Transfers, Offers, and Post-Conversion Acquisition Limit; Stock Options and Insider Benefits 313Manipulative and Deceptive Devices Prohibited 315Liquidation Account 317Grounds for Denial of Application for Conversion 319Prohibition on Repurchases of Stock and Restrictions on Payment of Dividends 321Statements Prior to Approval of Plan of Conversion 323Actions after Board Approves Conversion 325Notice of Filing 327Requirements as to Proxies 329Vote by Members 331Pricing and Sale of Securities 333Procedural Requirements for Filing Application 335Conversion of a Savings Bank in Connection with the Formation of a Stock Holding Company 337Conversion of a Savings Bank Involving Acquisition by an Existing Stock Holding Company 339Merger with an Existing Stock Savings Bank 341Merger with an Existing Stock Savings Bank Owned by a Stock Holding Company 343Penalties