§ 192.650. Contents of plan of voluntary supervisory conversion.
82 words·~1 min read·
/us/cfr/t12/s§ 192.650·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A majority of the board of directors of the savings association must adopt a plan of voluntary supervisory conversion. The savings association must include all of the following information in its plan of voluntary supervisory conversion.
(a)The savings association's name and address.
(b)A complete description of the proposed voluntary supervisory conversion transaction that also describes plans for any liquidation account.
(c)Certified copies of all resolutions relating to the conversion adopted by the board of directors of the savings association.