12 CFR 563b.425 - Who may terminate the conversion?

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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.425 - Who may terminate the conversion?

  (a) Your members may terminate the conversion by failing to approve the conversion at your members' meeting.

  (b) You may terminate the conversion before your members' meeting.

  (c) You may terminate the conversion after the members' meeting only if OTS concurs.

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