§ 192.325. Timing of offer to sell conversion shares.
52 words·~1 min read·
/us/cfr/t12/s§ 192.325·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)In general. A savings association may offer to sell its conversion shares after the appropriate Federal banking agency approves the conversion, clears the proxy statement, and declares the offering circular effective.
(b)Timing. The offer may commence at the same time the savings association starts the proxy solicitation of its members.