Text
TITLE 12 - BANKS AND BANKING
CHAPTER V - OFFICE OF THRIFT SUPERVISION, DEPARTMENT OF THE TREASURY
PART 563B - CONVERSIONS FROM MUTUAL TO STOCK FORM
subpart a - STANDARD CONVERSIONS
563b.125 - Must my board of directors adopt a plan of conversion?
Prior to filing an application for conversion, your board of directors must adopt a plan of conversion that conforms to 563b.320 through 563b.485 and 563b.505. Your board of directors must adopt the plan by at least a two-thirds vote. Your plan of conversion is required, under 563b.150, to be included in your conversion application.
Sponsored links
