12 C.F.R. § 192.125

Current through October 31, 2024
Section 192.125 - Adoption of plan of conversion by board of directors

Prior to filing an application for conversion, a savings association's board of directors must adopt a plan of conversion that conforms to §§ 192.320 through 192.485 and 192.505 . The savings association's board of directors must adopt the plan by at least a two-thirds vote. Pursuant to § 192.150 , the savings association must include the plan of conversion in the application for conversion.

12 C.F.R. §192.125

85 FR 42643 , 8/13/2020